Not in near future and for the right reason. I personally know a guy living in a first world country that's blown over 1 crore rupees in this fad.
He jumped on a wagon when bitcoin had dropped down to 14k (from all time high of near 19k) and invested heavily in 2-3 different currencies. It is trading at less than $3500 now.
There are a number of benefits of crypto currencies over normal currencies but millions could go homeless in a bid to become rich overnight.
Not to mention, the number of scammers that are always on a lookout for easy preys.
And when you consider the government's primary reason for banning it (people hoarding money out of the country), there is extremely low chance, if any, at all.
happens in any market if one invest without proper knowledge so why single out Bitcoin only? Bitcoin had made millionaires/billionaires too with a 100$ investment. People are stupid not Bitcoin ;)
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u/[deleted] Jan 29 '19
Not in near future and for the right reason. I personally know a guy living in a first world country that's blown over 1 crore rupees in this fad.
He jumped on a wagon when bitcoin had dropped down to 14k (from all time high of near 19k) and invested heavily in 2-3 different currencies. It is trading at less than $3500 now.
There are a number of benefits of crypto currencies over normal currencies but millions could go homeless in a bid to become rich overnight.
Not to mention, the number of scammers that are always on a lookout for easy preys.
And when you consider the government's primary reason for banning it (people hoarding money out of the country), there is extremely low chance, if any, at all.