It's unfortuante that india is not ready for bitcoin yet, mainly because people is too uninformed to even know what it is let alone how to properly use it to store and move their wealth. A lot of people is going to lose their net worth because of government stupidity and gold will be confiscated if they try to go the gold route.
People from India love gold so if the government tried some confiscatory measures I’m sure there is going to be strong resistance against it, that is why I think India is going to adopt bitcoin, if we explain them that bitcoin is like an electronic form of gold.
All people of course more love gold than bitcoin. It is not easy to explain bitcoin to new people. They just assume the same with paypal, it is not just happening in india, in my States also like that.
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