India Setting a Precedent for th Future of Economy Through Bitcoin

Bitcoin exchange markets across the world continue to rise and attract more and more people into investing in Bitcoin, and even more people into considering it or even aspiring to doing so (Given that costs of Bitcoin are significant, and individuals with fixed incomes might be unable to opt into the market). This is a reality in many countries, namely India, who has hosted a massive cryptocurrency revolution.

Bitcoin has not only established itself inside India’s socio-economic structure, but it created the proverbial ‘piece of land’ it conquered inside India’s Bitcoin market. Millions of people that frequently use Bitcoin exchanges rated as the best Bitcoin exchanges in India (like Zebpay, Coinsecure or Bitxoxo, for example) to buy Bitcoins are individuals that were completely unbanked until the recent introduction of Bitcoin into the mainstream of India’s economic landscape.

It has proven to be highly profitable for plenty of people. Namely Bitcoin start-ups that have grown and evolved from humble beginnings to being worldwide favorites like Zebpay, who are ranked in the Top 10 in apple’s finance story inside the play store.

Many times have an array of Indian business gurus, (of which there isn’t a shortage of given that India hosts hundreds of companies ranked among the biggest in the world and has, on top of that, one of the biggest populations on the planet, making it one of the biggest markets in the world) have come down inconsistently on both sides of the issue, whether the Bitcoin market is unsustainable or not, whether crashes in prices are part of its rise or not. This means that the potential ubiquitous adoption of a new currency across India could set a historically significant precedent. India’s infamous precarious conditions on their society make it so that the automatic argument is that, if India can adapt a cryptocurrency into its economy, and do it in a way that helps it evolve and put itself on par with advanced nations, then advanced nations have no excuse not to seriously entertain the possibility of following suit.