Young Indians bet on crypto as jobs, incomes disappoint
STORY: Engineer Sagar Neware never used to pay much attention to things like Bitcoin.
Now he says trading cryptocurrencies is taking over his life.
The 25-year old Indian says he spends his nights monitoring prices, since crypto markets never shut.
And he’s far from unusual.
As job creation and incomes lag growth in the country, more young Indians are turning to crypto to supplement their money.
Trading of Bitcoin and other tokens on India’s four main exchanges rose more than two-fold over the October-December quarter.
That’s according to data from CoinGecko.
Most of the gains have been driven by retail investors in smaller towns.
Here in the western city of Nagpur, these young people have signed up for classes to hone their trading…
