Bitcoin bounced back from a major crash over the weekend and traded 24 per cent higher at Rs 2,79,262 per unit in India on September 18 from Rs 2,25,121 on September 15, data available with Zebpay showed.

Zebpay is an app-enabled bitcoin wallet provider headquartered in Singapore with IT offices in Mumbai, Maharashtra and Ahmedabad. It is involved in sale and purchase of bitcoins since 2011. It started India’s first bitcoin exchange in 2012.

The non-fiat currency had tu ..

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India can be the next big market for Bitcoin and altcoins or the whole of cryptocurrency. Right now, there is a tug of war within India's authorities as to how to treat Bitcoin and how to go about legalizing its status but am sure that soon there would be a better framework which the government will provide for cryptocurrency. There is a great future in India because this country is almost similar to that of China in terms of population and many Indians are also entrepreneurial who can see the value within Bitcoin and be a part of the cryptocurrency bandwagon.

Going back to the prices, yes there can be some differences in different countries and this is quite normal as the local demand can be different than that of the other countries or the ones published online. Once we have India in the bag in addition to Australia and some other Asian countries, Bitcoin can be back surging into higher levels as the demand rises to the roof.

I think by now, we can seen the effect of China "leaving" the limelight and other countries to become apparent and fill the crypto space left by China. Indeed Japan and South Korea takes over and not it looks like India is trying to get in the picture as well. So the more you moved forward, the more that we will not felt the effect that China has left. We need to close a page on them and open for others. Bitcoin will survive without them.