Crypto assets have been making a lot of news in India and the global markets and in terms of price moves. Bitcoin, for example, has gained by 20 percent overnight and seen all-time highs of $ 47,000. It has seen a 58 percent rise for year 2021.
Nischal Shetty, founder and Chief Executive of WazirX, said, “The markets are actually still reaction to the whole Elon Musk and Tesla news that happened yesterday with them buying over $1.5 billion in bitcoin so we are seeing a surge of new investors as well as older investors coming back again to buying more bitcoin because they see this as the start of many more companies around the world buying cryptocurrencies.”
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
