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
Abstract :
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.
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.
