Bitcoin is not a physical currency. Its virtual & anyone can buy it but for that purchaser has to provide his bank details so those who had invested in Bitcoins from India for converting their Black Money, they all will be charged for their this transaction.
now a days Indian Government wants to close black money hoarders & by this big transaction, they all will be charge because they couldn't confirm why they had purchased these much of Bitcoins except they have settled their business or products by accepting or they r dealing with Bitcoins already.
in my opinion, they who had invested in Bitcoins by their black money will effect Bitcoins reputation in India when the Government find that they have converted their black money in to Bitcoins. Otherwise, as Indian Governments vision to make cashless or digital India definitely Bitcoins future was bright in India.
cash crisis can't be solved by purchasing Bitcoins because when the bank doesn't have enough cash to fulfill daily requirement then how they who had invested in Bitcoins can get the benefit of it. Even when Bitcoins will be en cash in the bank account they have to prove how they got that money from outside of India because almost all the bank accounts r linked with Income Tax department.
even if media can get this news about Bitcoins & we read it, Government officials also came to this conclusion & will target them who purchased & how much because its a transparent deal.
so it became useless to invest in Bitcoins on this higher price who bought them in India.