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Bitcoin Breaches $23,000 – Views of ZebPay

Bitcoin hit an all-time high of $23,000 for the first time.

On similar lines, please find below the views of Mr. Rahul Pagidipati, CEO, ZebPay.

  • “To those who have been investing in crypto for years now, bitcoin touching $20,000 doesn’t come as a surprise. I predicted earlier this year that it will reach 1 crore by 2030. If you held bitcoin longer than 3 and a half years during any period up to now, you had a 99.9% chance of making a profit. That’s almost never seen in any other asset class.
  • I believe this coming year will see a significant rise for bitcoin. With recent announcements from MassMutual, Fidelity, Microstrategy, and Square, we’re seeing institutional capital to the tune of hundreds of millions of dollars entering into the picture. Coupled with wider awareness and education, it’s easy to envision the price of bitcoin going up by 100% in 2021.
  • That’s why the time is now to get into bitcoin. This is especially true for Indians. We’re extremely fortunate that the Supreme Court opened the doors again so every Indian can take advantage of this amazing technological revolution. Indians make up 20% of the world’s population, but own less than around 1% of the world’s bitcoin. That needs to change. If every Indian invested even just 100 rupees, bit by bit into bitcoin, and held it as a long term store of value, we could easily tip the scales.”

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