What can happen if and when a political group – one percent – of the Indian population gets a hold of something that citizens Bitcoin could do in the time of demonetization of the country, by making special efforts to improve the country ‘ Access and use of their disk forced the money -earned?
Something big, but not unexpected.
To begin with, is much going on in the world and India is one of them. Taking tweet Vinny Lingham on November 17th, I do not think the market fully appreciates how much money is circulating in Bitcoin next month.
With hashtags like; #india #trump #china #fed, it would create a connection with the prediction by CEO CivicKey that the price of Bitcoin will hit the $ 1000 mark by the end of 2016.
Co-founder of Lamassu Josh Harvey began this puzzle with a tweet that says there are 13 million people in the Indian one percent, and the fact that many of them hear about Bitcoin is now in- Even a big deal.
The editor-in-chief at Adamant Research, Tuur Demeester, adding in a tweet that Bitcoin, Indian exchange Zebpay, is selling 20 percent premium equal to $ 895, one can either adhere to the view that digital currency will jump in its Storage item of value or agree that arbitrage reflects the uncertainty surrounding the Indian rupee.
Window of opportunity
For Kumar Gaurav of Cashaa, the issue in India has created a window of opportunity in the form of a huge gap between the west and east, which is very good for its P2P platform. It helps millions of Indians to cash through India without intermediaries or banks, especially because people in the big liquid market are looking to sell their bitcoins in India.
Well, no doubt that what is happening in India will boost the price Bitcoin in the long run. After the demonetization news came out, people who buy rushed to gold as it is considered the safest way to retain the value of the property.
But then comes the issue of storage and traffic, it would be difficult to say what the number of people who have heard about this process about Bitcoin. One percent is a large number in India and as a percentage of people will start to participate in this, the Bitcoin will take the price through the roof. Bitcoin price is already 20 percent higher than the average price and in the next few weeks will increase in the short term.
The big question
How will one know about a Bitcoin Indians? This is the biggest puzzle that has a solution, mainly because people still love money, because it gives them control over their value and they do not have to go through an intermediary to exchange Goods and services, Gaurav out.
At that time, the Indians are in a state in which they are forced to find other methods to discover what gives them control over their value. Bitcoin is a unique product with a value that is fully controlled by the owner and can immediately P2P in cash. I see this awareness, a very positive impact it will have on the short and long term, because awareness and validity around Bitcoin and other cryptocurrencies will build.