Is India shows more interest in Crypto Adoption ?
Is India shows more interest in Crypto Adoption ?
The Increase in crypto adoption brings more fortune to the crypto business

Cryptocurrency is being rapidly adopted in the crypto market across the globe. We wanted to understand the population’s responses on how much and when they have started to invest in cryptocurrencies. And so, we asked our respondents their primary interest and investments in cryptocurrency. 

The digital currencies are being used as a form of payment that can be exchanged online for goods and services too. According to the report almost 60.5% of the respondents indicated that they have invested in cryptocurrencies, whereas 39.5% did not. This percent of investment can be due to many reasons. The cryptocurrencies are secured by cryptography, that can make it impossible to counterfeit. 

Most of them have invested in cryptocurrencies in small or big amounts for various reasons. Out of respondents who invested in cryptocurrencies, 53.7% have invested below INR 10,000, while the 37% have invested between INR10,000-1,00,000 and the other 9.3% have seemed to have invested above INR 1 Lakh. The percentages show that people are invested in investing in digital currencies in a fast-changing industry.  

People these days are more active on social media networking sites. And most of the top cryptocurrencies such as Bitcoin, Ethereum, Shiba Inu, Doegecoin have been making headlines almost every single day, this is also attracting people to invest in it. On the other side, people have also been looking at others who have invested and gained profits out of them too. According to the survey, 54.2% have invested in cryptocurrency after reading about it on social media and news, while the other 45.8% have heard about it from their family and friends who invested in it. 

Citation: Analytics 


Thus, the growth and fast adoption of cryptocurrencies vividly shows that the this would stand as the superior business for the future, Bitdeal being the best Cryptocurrency Exchange Software Development Company, provides optimal crypto solutions and services.