Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices.
Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
This puzzles me a bit. Most of the responses here are negative. The way I look at it, it is positive. The demand is rising and is in fact outweighing the supply. Well, the supply is static. Therefore, there will be no more movements. What moves is the price. Meaning, the bigger the demand the higher the price goes.
Most of you guys are from India, right? Is this issue of Bitcoin getting banned there not yet settled until now? I heard the government authorities are already saying that there will be no ban, only regulations. Anyone truly informed clears this out? Thanks!