According to the latest information produced by blockchain data company Chainalysis, Indian crypto traders, enthusiasts, and investors invest in digital assets like never before.
They stored more than $6.6 bln in BTC and other digital coins this May. In comparison, they had only $923 mln in digital assets until April 2020.
Analysts believe that this growing trend could be really dangerous for the whole crypto community, and Indian investors are playing with fire.
Yes, this growth is still just the tip of the iceberg, and many more Indians will invest in cryptocurrencies soon.