Demand for cryptocurrency rises by 30% during the Corona period

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New Delhi, November 8, 2020, Monday

Demand for this specialty has grown significantly as a result of recent corporate scandals. It is only natural that this increase in demand will lead to an increase in its price. Virtual currencies were introduced after the 2008 global financial crisis and recession. The last few months have seen the rise in the value of digital currencies such as Bitcoin, Ethereum and Ripples. Large-scale investments in cryptocurrencies are believed to have taken place last April when there was a worldwide lockdown situation to prevent Coro’s transition.

The demand can be seen from the fact that cryptocurrency has risen by 20% in the last 3 weeks. According to the information received, some of the world's largest companies want to keep some part of their balance sheet in the form of cryptocurrency. The daily turnover has increased from ૩ 5 million to ૫ 8 million in January to થી 30 million to ૮ 50 million. Under Indian law, cryptocurrency is hotly debated, whether legal or illegal. However, there has been a growing demand in India to ban virtual currencies, including cryptocurrencies, by passing bills.

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