Industry insiders have routinely compared Bitcoin to gold as a potential investment asset. The only similarities, however, are their decentralised natures, limited availability and the ability to run up in valuation despite crashes in other asset classes.
Nischal Shetty, founder, and CEO of India’s largest cryptocurrency exchange WazirX, echoed Mehta’s opinion. “PayPal allowing Bitcoin is big. It has one of the largest customer bases,” he said.
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.
