Post
Topic
Board Economics
Merits 1 from 1 user
Re: Bitcoins economic growth is enormous in India | Amazing Future ahead
by
stompix
on 26/10/2021, 16:59:52 UTC
⭐ Merited by so98nn (1)
Let us hope that most of the facts are at least close to what the article says. Just passing the positive vibes!

There are no facts, that's why I asked you to show the sources for these claims which are just out of this world.
And no, we don't need to pass positive vibes like in some therapy group as long as those vibes are generated by fake statements.

I think India will probably grow to a similar size of China economically and then might face problems in growing after that.

Until it stops being in the same league with the annual GDP of France with 80 million inhabitants and the total wealth of Italy with 60 million that's a long way to go, reaching China is a problem for the next three decades.

I instantly thought the same. They must count "exchange users" as Bitcoin holders, and it could indeed be there are 100 million people with an account on an exchange. .

That might be possible, but only if we go by poeple with an account, not users.
If we go by the numbers of 100 million versus the trading volume it would mean there are about 10 billion users of exchanges in the world....
which I think it's not possible?. Of course, we could add the fact that the average Indian trader would have less money to create volume but that would go against the other claim of them leading the race, so no, accounts opened and app downloads, yeah it's all possible. Real users, no!

Putting the 1:13 ratio to Mumbai it would mean there are 2 million bitcoin users there.
2 million users and 4 businesses accepting crypto on coinmap?
100 million users and 16 nodes? While Denmark has 17? 0.27BTC in LN channels?
By any metric that we have data on the 100 million is just now possible.