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by anonymous5133
3095 days ago
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Not surprising they say that since many Indians are taking interest in cryptocurrencies due to the Indian central bank being unable to control inflation. It was at 10% just a few years ago! Also it isn't like something that has the potential of ever going up by any significant amount. Every year it drops 3-10%. Who wants to hold on to that to save their money? No wonder the Indians have so much interest in crypto. I don't blame them. Their government has failed them. At least with crypto it has the potential to go up. |
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By the way can you please cite sources for your stats around inflation?
Last I read a Bloomberg article quoted Indian economy to be no. 3 behind China and US by 2030.