INDIAN ECON, POLITICS, SOCIETY + BTC PRICE

[vivekdhyani1]

^^ doubt it , high level politicians maybe low level nah..they prefer to keep it in either land owernship or mining business or build a school/college/institute (new trend started)..

20k is maybe less , it's probably around 25k-30k(capcitiy of our polticians to scam way higher) & maybe mostly consist of oposition parties & that's why Goverment is hell bent on going after cypto ..see you need money to fight election & best way to win election is to stop funding options for your oppositions ..they have done it in terms of indian currency with all digital record , they excatly know where money is moving , can't do that with crypto ..that's why these harsh regulation to make it harder to trade in crypto.

pretty sure goverment , won't mind sacrificing even BJP leaders(those who have btc) to achieve this goal.

[pawanjain]

Let's discuss something interesting, and it is all speculative because no one knows exactly how much is in it.

It is not wonder that almost every politician got unaccounted money somewhere so what are the possibility of they are keeping them as bitcoin and if they are then I wonder this will be a huge amount if we compile all the politicians across the country and not just at the leader level but at each level in any power associated with that party.

My guess it would be atleast 20K bitcoins, just pure imagination though.

I doubt that because if politicians were holding so much in bitcoin then they would have encourage crypto holding in India.
Politicians will go to any extent to save their money from taxes and that's why we would have seen a crypto friendly regulation in India.
But that's not the reality which is why I don't think politicians have much in bitcoin. I guess gold, real estate and cash is their major priority.

[TheUltraElite]

You might like to believe that politicians are holding BTC, if this was USA or UAE I would have believed it. But I have some doubt when it comes to Indian politicians, however this might become true as bitcoin continues to occupy the mainstream news media.

For now, big companies are storing BTC, this much we can take with surety. Individuals are also hoarding bitcoin for its future. We just need to make sure we increase our stash whenever the price drops.