Bitcoin companies in India see spike in trading ahead of US polls
Kunal Thakkar, 33, a financial portfolio manager in Mumbai, has been investing in cryptocurrency bitcoin since the last few years, and made his latest investment a week ago with an eye on the presidential elections in the US. Several bitcoin platforms in the country have seen a spike in trading as the US election results are expected to push up the value of the cryptocurrency.
“There is uncertainty over who will win the election and what impact they will have. It is definitely going who will win the election and what impact they will have. It is definitely going to increase the value of bitcoin, with chances that the figure may cross $850,” Thakkar said. The currency is currently valued at a little over $700. “Earlier, I used to invest in gold or commodities, but investing in gold is tedious as we have to physically store it. bitcoin is completely digital and it is also a conduit to invest in other cryptocurrencies,” he said.
http://economictimes.indiatimes.com/small-biz/money/bitcoin-companies-in-india-see-spike-in-trading-ahead-of-us-polls/articleshow/55325234.cms
