Crypto over gold on Dhanteras? Why GenZ and millennials are thinking different

“Gold has given around 158 percent returns since 2010. This investment, if compared to Bitcoin, has grossly underperformed— with the cryptocurrency giving an annual return of more than 230 percent,” Ritesh Kalvellu, 25, a crypto investor tells indianexpress.com. And he isn’t the only one who is convinced that crypto shines brighter than gold, which has traditionally enjoyed a strong status in India, especially during Dhanteras and Diwali.

According to a new report by Crypto Research and Intelligence Business (CREBACO), so far around 15 million Indians have embraced crypto and invested close to 10 billion dollars in crypto assets. And this time, the allure of digital assets on Dhanteras is drawing many fence-sitters towards crypto. For many GenZ and millennial investors, it is crypto over gold this Dhanteras.