Future of Crypto – Currency and the Sustainability of Bitcoin


Authors : Jasmine Pasha; Shruti Pandey; Chandsi Sharma

Volume/Issue : Volume 7 - 2022, Issue 4 - April

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3NnVTtE

DOI : https://doi.org/10.5281/zenodo.6569927

When the recession hit in 2008, individuals gave up all the hopes and faith in banks and financial institutions. Cryptocurrency system was established in order to remove banks. Satoshi Nakamoto, who might be a person or a community of individuals, created Bitcoin with the goal of allowing individuals to send money to each other without the need of a bank or a related parties. Mainly bitcoin was created to let anyone undertake money transfers without depending on governments or banking firms. The following study majorly highlights the acceptance of crypto – currency in India, especially amongst the younger investors, and whether or not they believe in the future and sustainability of Crypto – currency, especially Bitcoin, given that it is, by far the largest digital coin, in respect with the market capitalization. We took a survey, to understand the investing behaviour of the Indian population. Our study included convenience sampling, in the age group of 20 – 40 years, analysis of which is talked upon in the following section. Knowing that not all favour crypto – currency, due to many reasons, the paper also talks about the issues and challenges that Bitcoin, and other digital coins face in the market, on both, domestic and global level. In the next immediate section, we shall also look at the evolution of Bitcoin, its trade mechanism and the turning point for India, for this new age technology.

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