A tea seller in Mumbai’s newest corporate hub claims to have bought 4 bitcoins, at Rs1 lakh each, in May 2017. He is already sitting on a handsome profit, given the price of Rs13.64 lakh per bitcoin—as per Coinome as on 19 December. However, he says he will wait till next year when the price would be around Rs15 lakh a bitcoin. On being asked how he knows for sure that the price will move to that level, he responded with an assured, “Aap dekhna (you’ll see).”
New Delhi-based Ashish Kharkia, 33, who is an assistant vice president in a multinational financial services company, heard about bitcoin 3 years ago. He is disappointed that he didn’t get in then. “I heard about bitcoin through word-of-mouth. One of my friends had invested in bitcoin 3-4 years ago. Another friend has also put money in it. I then explored bitcoin and other cryptocurrencies. I invested just 3 months ago,” said Kharkia. He doesn’t want to invest too much and feels that cryptocurrencies are something that can burst any time. “I will keep my bitcoin investment limited and won’t over expose. However, I won’t stay away from it,” said Kharkia.
