fantastic point we have here gentlemen.... how is that possible?? i just checked and 1 BTC = 67.570 INR (do the math this is equal to 933.44 EURO)
can somebody explain this HUGE gap in price???
indians do not have access to cash and are limited to gold, so bitcoin is the next option. Indian Gold as well has a large difference to western markets
the 500 and 1000 rupee fiat dollars were removed from the economy about a month or 2 back
The Indian government is also confiscating gold, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated if their government can find it.