*This is in partnership with BloombergQuint Brand Studio
Crypto is now a widely accepted digital asset class in India and most new sign-ups come from investors in B and C class cities. From a macro, global perspective, the crypto market was valued at $1.49 billion in 2020 and is projected to reach USD 4.94 billion by 2030. This growth will not be driven by speculation but rather because of the critical need for greater efficiency and transparency in payment systems, the need for data security as well as an increase in demand for remittances.
The recent Union Budget brought crypto into the ambit of taxation, thus clarifying one aspect that worried some investors earlier. The Reserve Bank of India is also rolling out a digital currency in April 2022. There is a visible buzz of expectancy when it comes to crypto in India.
Crypto offers massive upside potential for the investor who takes time to understand this asset class, the risk as well as potential, and invests wisely by finding the right balance. If you are looking to invest in crypto in 2022, here’s all you need to know and…