Crypto is the new gold: Why India’s rich are buying Bitcoin
Crypto exchanges report a sharp uptick in trading volumes from India’s elite. (AI image)
As Indian equities stall, gold steadies, and fixed-income returns remain uninspiring, a new trend is emerging among the country’s wealthiest investors: a growing appetite for cryptocurrencies.High-net-worth individuals (HNIs), family offices, and institutional players are quietly reshaping their portfolios, steering capital toward digital assets like Bitcoin and Ethereum, a report in the Economic Times said. The shift has picked up serious pace over the past six months, particularly after the return of Donald Trump as the US president.“The mood among HNIs has changed dramatically,” Atul Ahluwalia, vice president of HNI & Institutional…
