Bitcoin crosses $50,000 level, but what’s the future of cryptocurrencies in India?

Without any recognition and regulation in India, the future of cryptcurrencies is still uncertain in the country.Sustained interest from institutions – like Tesla, MasterCard, Paypal, Microstrategy – has pushed the Bitcoin’s price up. After jumping by $40,000 or 224 per cent last year to cross the previous all-time high level of $24,000 in December 2020, Bitcoin continued its upward journey in 2021 and has crossed the $50,000 level.
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