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Bitcoin regulations and blockchain

RBI has issued warnings to the users of virtual currencies and the finance ministry has recently said that cryptocurrencies are not legal tender

Bitcoin regulations and blockchain

2017 was a great year for Indian equity investors, but one investment that put these returns in the shade and had investors nursing a missed out feeling was the bitcoin and its many cryptocurrency cousins. Bitcoin prices (source: Coindesk) shot up from the $970 mark at the beginning of 2017 to $12,630 by December, a cool 1,200 per cent return in one year. While this had cryptocurrency fans partying, conventional investors were gnashing their teeth. So, should you be allocating a part of your portfolio to this new asset class? Well, if you are considering it, take note of its risks. One, while bitcoin's returns beat equity funds hands down, it is a much more volatile investment than the Sensex. O


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