Title: Bitcoin Wave This Time Sees Mature Investor Participation
Headings: Bitcoin Wave This Time Sees Mature Investor Participation
Bitcoin Wave This Time Sees Mature Investor Participation
Increasing Awareness and Adoption
Price Rally Fuelled by Institutional Participation and Fundamentals
Lack of Regulations a Dampener

Content: “The previous cycle was largely driven by a set of fly-by-night retail investors who jumped on the bandwagon to cash in on the price surge. This led to a short-term euphoria, which resulted in a lot of cryptocurrencies being deemed significantly overvalued than their actual value,” says Sumit Gupta, Co-founder and CEO, CoinDCX. The prices are increasing one step at a time this time and a huge crash looks unlikely, says Vishwanath. “There will be a correction but the question is how far the crypto assets will go before the correction kicks in. Due to this, the fear of missing out is not there. The industry is quite relaxed and retail participation is not comparable to 2017 yet.” Lack of Regulations a Dampener
Despite increased awareness, lack of regulations in the country continues to be a major concern for investors. The Indian government and regulators have been skeptical about digital currencies since the beginning. So much so, that in 2018 RBI barred all banks and financial institutions from dealing in transactions related to cryptocurrencies. Though the Supreme Court struck down the order in March this year, a separate draft bill that proposes banning the use of cryptocurrency and 10-year prison sentence for anyone found dealing in them is still pending with the government.