In 2008-09, when the world was in the grip of a financial crisis, an anonymous online entity named Satoshi Nakamoto developed Bitcoin—a peer-to-peer, unregulated alternative to the regulated but crisis-hit banking system.
More than a decade since, the cryptocurrency ecosystem has grown by leaps and bounds globally. In India, it remains an unregulated asset, but that has not deterred Indians from investing in it in a big way. According to a recent report by the trade website BrokerChooser, India had 10.07 crore crypto owners— more than any other country in the world. The US has 2.74 crore and Russia, 1.74 crore.
Crypto popularity in India exploded in March 2020, right after the Supreme Court lifted the Reserve Bank of India’s ban on cryptocurrencies. Bitcoin price jumped from $6,484 to more than $47,000 now, according to the research platform Statista. Earlier this year, prices hit a record high of $61,000. The price boom has been driving interest among millennials, say experts.
But there are many pioneers in India who were early adopters of cryptocurrency. They saw a bright future in crypto long before others did. Some of them started investing several years ago; some have even gone all in.
Harshad Gawde of Mumbai is one such pioneer. An app and website developer, Gawde is both an investor and crypto miner. Mining is, essentially, a process of minting new crypto coins. He has been a miner since 2014.
There are three types of traders—scalpers, swing traders and long-term holders. I do scalping, which basically means that I enter with very big positions and exit in 15 to 20 minutes. —Akshay Haldipur, digital marketing expert and crypto investor
Denne historien er fra January 02, 2022-utgaven av THE WEEK.
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Denne historien er fra January 02, 2022-utgaven av THE WEEK.
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William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
