It seems that the cryptocurrency mania has become a passé in the last couple of months. The phenomenon reached it’s peak when it comes to the value and media coverage in the first quarter of the year and things started to go downhill from there. However, people still believe and invest in cryptocurrencies. For instance, they get together, create a community online, and discuss effective investment tactics. This is evidenced by the number of websites dedicated to cryptocurrencies in India.
The Indian cryptocurrency market is still growing and expanding. However, the Indian market has some interesting and unique trends when it comes to the investment in cryptocurrency.
It seems that women are more daring than men in the world of cryptocurrencies. The recent surveys conducted by credible research agencies revealed that women in India tend to invest more money in cryptocurrencies.
According to the research, women love risk more than men and invest approximately twice as much in their crypto portfolio. Indian women spend more than Rs.1,40,000, whereas men spend Rs.70,000. The greatest crypto centers are the largest cities like Delhi, Mumbai, and Bengaluru where the crypto market is blooming.
Another interesting finding that came as a surprise to the researchers is that women who invest in cryptocurrencies are on average ten years older than men. It turned out that Indian women who invest in crypto are usually in their 40s while men are 30 years old on average.
The maturity of female traders opens new doors on the crypto market in India. The trend shows great potential for leading this industry forward. With its fast developing economy and extraordinary potential for growth, India is a great country to invest in. Even if you are not a fan of the cryptocurrency market, there are plenty of opportunities for active investors.
If you decide to invest in a certain area, it all boils down to your investment capacity and the willingness to do a proper research. There are a lot of places where you can find valuable data about investment opportunities on the cryptocurrency market. For instance, any online community site dedicated to crypto can be a good starting point to get to know all the pros and cons of the planned investment.
The cryptocurrency market is rapidly growing again in India. A Finance Ministry panel has ordered a study on the subject which may suggest that the government will praise and treat cryptocurrencies as a commodity. By doing so, India is trying to better regulate the trade and completely remove gray economic areas.
Legalization will provide better tracking data and control over funds, which will ultimately become a fight against money laundering and malicious financing.
There is no doubt that the world wide web has a great influence on sparking the interest in cryptocurrency among investors in India. Women took this opportunity and positively influenced the overall growth of the economy. This case is a great example of how a taboo can become an amazing investment opportunity.