Cryptocurrency 101: Bitcoin, India, Elon Musk, investing, and the future

Cryptocurrency prices have skyrocketed in the past year, with the likes of Bitcoin and Ethereum growing several times over, despite the global COVID-19 pandemic. Naturally, it’s turning a lot of heads. WazirX founder and CEO Nischal Shetty and WeekendInvesting founder Alok Jain join host Akhil Arora to discuss the world of cryptocurrency. We touch upon the regulatory landscape in India, from the back and forth between the RBI and the Supreme Court, to the lack of a clear legal definition for cryptocurrency that creates hurdles for crypto exchanges such as WazirX. Read: Why does Bitcoin mining consume ‘insane’ energy? We talk about what investors should know before jumping in, given the volatility in Bitcoin prices, the influence of Elon Musk’s actions, and the market’s immaturity in comparison to gold, equity, and real estate. And we sign off by delving into its future, including the wide-reaching potential of blockchain technology that allows for the creation of a decentralised world. For now though, the industry is busy with NFTs. Oh boy. Read: What is blockchain? And what can it offer us? Follow Gadgets 360 on Facebook, Twitter, Instagram, and YouTube. Write to us at [email protected] Chapters Intro (00:00) What is crypto? (00:37) The grey zone (03:13) Investor FAQ (08:43) (Global) concerns (18:51) A decentralised world (24:39) The future (28:58) Outro (35:23)