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Cryptocurrency exchange KuCoin published a survey titled “Into The Cryptoverse,” showcasing the rising bitcoin and cryptocurrency adoption in India; as its investor class is becoming increasingly with time, 56% of surveyed investors believe bitcoin and crypto are the future of finance.
Kucoin also revealed that half of India’s investors plan to increase their holdings within the next six months; 41% of respondents stated they were unsure which cryptocurrencies to invest in, 37% struggle with risk management, and 21% aren’t even sure how the assets work.
Ultimately even though there is a large amount of investor interest in India, there are still many informational hurdles hindering wider adoption. Furthermore, 33% of respondents cited government intervention as a concern when deciding if they wanted to invest.
Opinions expressed here are entirely that of the writer and do not necessarily reflect those of Satoshi’s Journal or Satoshi’s Entertainment Company.