The richest investors of India aspire to increase their investments in cryptocurrencies as the country is seized by fears of a slowdown in economic growth – bitcoin doubler 2x has learned.
About 36% of Indian citizens with high income estimate pessimistically the development of country`s economics during the following three years. This fact pushes them to invest in safer alternative assets, first of all in real estate. About a third of investors claim that they avoid risks at all, when it is about future investments.
Despite the desire to get rid of risky assets, 9% of wealthy citizens of India have said that in the nearest 3 years they will increase their investments in cryptocurrencies.
According to the research`s report, about a half of respondents have claimed that they don`t know a lot about cryptocurrencies. Among people, who are well informed about this type of assets, the majority have noted that they want to invest in Bitcoin (29,15%). Wherein, 8,74% prefer ETH, and 6,8% would like to invest in XRP.
Meanwhile, in India cryptocurrency and financial industry continue to struggle. What is more, Supreme Court of India has recently given the Central Bank two weeks to justify the ban on servicing cryptocurrency firms. The ban was imposed last spring. Because of this ban work of most platforms became impossible and most exchanges had to stop their activity in the country.