Still, I would say that the userbase of crypto in India is pretty low, even among tech-savvy nerds. It's a really small niche and not a lot of people know about it, its just "some technical payment thing" according to most media. Recently I've been seeing loads of Indian articles regarding how bitcoin is used for nefarious purposes only, how scammers use it, and how it's a bad investment as its price is so unstable that its will just crash down to the ground one day. This is ridiculous. A lot of people don't really know what it actually is, and the media feeds them loads of bullshit. It is promoted as a ponzi/HYIP scheme.
I have seen some investors talking about bitcoin, but never directly on TV media. The crypto-prohibition by RBI certainly didn't help, even after being reversed, the general consensus is still "bitcoin is a scam". The pandemic has certainly urged more people to get in on the hype buy investing in something, and that something, for a lot of people has been bitcoin, but it is still a very tiny number among the population, if we look at the bigger picture, and had it not been for the media, this wouldn't have been the case. Although, I'm still interested to see where this goes and advances the bitcoin community as a whole in India.
I have seen some investors talking about bitcoin, but never directly on TV media. The crypto-prohibition by RBI certainly didn't help, even after being reversed, the general consensus is still "bitcoin is a scam". The pandemic has certainly urged more people to get in on the hype buy investing in something, and that something, for a lot of people has been bitcoin, but it is still a very tiny number among the population, if we look at the bigger picture, and had it not been for the media, this wouldn't have been the case. Although, I'm still interested to see where this goes and advances the bitcoin community as a whole in India.
Good things take time. Although the image of bitcoin has been really down not just in India but all over the globe, many people have started to know what bitcoin actually is.
The number is still very low in India but it is increasing every year. The trading volumes in India have drastically increased since last year and this will increase a lot more when crypto is legalised in India.
I know that the media, RBI and other sources has been speaking shit about bitcoin since a long time but things will turn around since the number of bitcoin supporters/holders are increasing a lot these days.
As said, good things take time and it is upon us how we spread good awareness about bitcoin and encourage more people to learn about bitcoin and the blockchain.
