Budget 2021: ‘We hope 2021 will bring healthy regulations for crypto investors’

The largest cryptocurrency in the world, Bitcoin was the highest return generating asset in 2020. The crypto currency grew by 313% last year. Bitcoin reached an all-time high of almost $42,000 in early January before sliding back by about $10,000. Experts believe the recent drop is more than expected and should be simply seen as a price correction. This is a healthy pull back which will offer long term price sustainability for bitcoin.

Crypto experts are optimistic that the government now recognizes the huge potential of blockchain technology. They believe the Indian Government should bring healthy regulations this year.

“Crypto assets, properly regulated, can bring tremendous economic benefit. The government’s twin goals of promoting prosperity and protecting people from fraud and harm are our goals, too.