The article talks about facts! Let me summarize it for you all!
India is lossing opportunities big time as a lot of young business owners are still waiting for the regulatory uncertainties to go away! RBI and policy makers have already thrown away few good companies like zebpay, Unocoin from the economy and zebpay moved to Singapore to continue their business! So new entrepreneurs are not willing to take further risks during such uncertain times, rather they are considering foreign land to start their business and foreign exchanges are eating out a big chunk from the pie!
Not sue what is meant by Golden age by the author! It's no golden age, just dark times for crypto communities in India!
Absolutely! Some people feel that bitcoin is the solution to all the world problems. But trust me it's really nothing like this. Bitcoin is merely a new type of currency just like we gold which we used hundreds of years ago but which ultimately failed because of the limited supply of money which we could create. I am not sure if Bitcoin would face a similar fate or not but it definitely is moving on the same path. If people see that merely investing in bitcoin would fetch them something then bitcoin is sure as hell going to fall because worth of an asset is due to it's utility not due to a mere hype.