(June 28): The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal. Richi Sood, a 32-year-old entrepreneur is one of those who swerved from gold to crypto. “I’d rather put my money in crypto than gold,” Sood said. Last year, the Supreme Court quashed a 2018 rule banning crypto trading by banking entities, resulting in a trading surge. To be sure, the value of Indian digital asset holdings remain a sliver of its gold market.

Source: The Edge Markets June 28, 2021 01:41 UTC