In all one's day, there comes a moment when a particular top dollars in the world. It is what happened with Bitcoin in 2016; an unexpected hike to $20,000 was new dawn to the Bitcoin market in India, seemingly, attracted many people into the market. On the contrary, a new asset class was studied by investors, calculating ineffable opportunities that were forthcoming shortly. Many traders and non-traders started to ask questions such as:

• What is Bitcoin?
• How does it work?
• What is blockchain technology?
• How can I trust the decentralized system?
• How is the decentralized system different from the centralized system?
• How can I earn via Bitcoin?
• How to easily access it?
• Where can I easily buy Bitcoin?
•  

These questions brought masses and more innovations that hiked the liquidity of Bitcoin with increased investors. More people were adapting to the newest asset class, and there were entrepreneurs, commentators, and researchers who worked more on convenient methods to increase Bitcoin investments in India.  

With the higher participants, the Bitcoin market in India started to witness bigger market caps. The cryptocurrency investments attracted traders and investors each year. Soon the time came when compared Bitcoin to Gold in writing, the total market capitalization of cryptocurrency reached $1 trillion.  

What's Trading in Recent?

Bitcoin investment in India calls forth mass adoption, making it the most stable marketplace for cryptocurrency investments. There is nothing to surprise as recently there was a hike in the number of investors into the new asset class. 

According to the recent updates of June 2021, Jack Dorsey, CEO of Square Inc. and Twitter Inc., announced on Friday through a tweet about making a Bitcoin hardware wallet. The tweet says:

 “If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community," Dorsey wrote. “We want to kick off this thinking the right way: by sharing some of our guiding principles." 

Right after the tweet goes viral, the shares of Square Inc. rose as much as 3.2%. After acknowledging all the reasons why Bitcoin in India can be the most potential choice of traders to invest and turn a huge profit in the near future, let us take a deep dive to uncover some nuggets that shine encouraging light on why we see such a sudden rise in the Bitcoin investment in India.

Reasons Why There is a Sudden Rise in Bitcoin Investment in India

Considering, Bitcoin always had its fair share amongst the fans, and people have also made astonishing wealth from it. With the sudden rise of Bitcoin in India, we can exemplify some of the reasons that could be the mainstreaming viewpoints for the sudden growth. 

Sceptical Origin

With the hit of a new dawn, the masses were cynical about the origin of Bitcoin in India. Because of its unseeability, investors and traders seemed to put the new asset class below the hyphen. But the moment Bitcoin hit an unexpected all-time high in 2017, it sparked a moment of awareness among the masses and was potentially recognised. It is the very first reason why Bitcoin attracted tremendous amounts in 2017. As investors witnessed higher liquidity in the market, investors seemed to doubt if the higher liquidity sounded ineffable penny wise and pound foolish for more massive investments. But with each day sunshine, the candlesticks started to hit the new records leaving investors in amusement. With the everyday hike, it developed uncountable opportunities for investors to invest. This resulted in the rise of Bitcoin investment in India and the global market as well.

Bitcoin is Secure

Unlike other assets like Gold, Bitcoin is now the second and the most prominent choice among traders and investors. The trading process of Bitcoin has had handled by modern-day technology, i.e., Blockchain. In the simplest way possible, Blockchain is a similar technology as a database that empowers multiple users to record and make changes in it. Once you enter the data, it cannot be changed or removed, as it only has the feature to add data. The data can only be added to the Blockchain once if the majority of the participants provide the consent to confirm the authenticity of the data with the process called mining. In this transaction of Bitcoin, it will get considered as a Block in the network. The data entered will get broadcasted on the Blockchain network, and validating the authenticity of the transactions will begin through a consensus procedure. A block will get generated once confirmed that the transaction that occurred is authentic and will get added to the most current state of Blockchain. 

You Control Bitcoin

When we talk about Blockchain technology, it is crucial to understand that the transaction that occurred falls under the decentralised system, which means that no one is controlling the transactions despite the computers. 

In the decentralised system, the information does not get stored in one place. With each transaction that happens, the first node verifies the transaction and receives a copy of the new state of the ledger. The node as a transaction is a computer, not a human doing the verification task manually. As all nodes are connected, the transactions that occurred gets reported to all nodes. And it exchanges Blockchain data with each other to up-to-date with the recent transactions. These nodes store, spread, and preserve the Blockchain data. Therefore, Blockchain exists on nodes.

Bitcoin’s Rarity

Many people around the clock asked the same question why Bitcoin’s rarity matters. What makes Bitcoin value rise at such a steep level? It is all because the number of Bitcoins in the market is limited. It is for the first time that we know the total amount of Bitcoins available as an asset. There are attempts ongoing to bring more Bitcoins into the market and figuring out how many it could be. The total amount of Bitcoin available for investors and traders is limited to 21 million Bitcoins. Until today, 18 million Bitcoins are used due to the Fear of missing out (FOMO). It set the all-time high price of Bitcoin that welcomed uncountable investors. 

Halving Mechanism

As the new asset is high in demand, the halving mechanism can be the most intriguing factor for the rise of Bitcoin Investment in India. We know the fact that the rarity of Bitcoin is leveraging to set all-time high prices in the market. That is why in every four years, the remaining Bitcoins get halved. The reason for halving Bitcoins lies in the laws of demand and supply. For instance, if new coins are brought to the market too quickly the maximised price of 1 Bitcoin will gradually be put below the hyphens. 

There are many more listed reasons that can be seen as the potential point for turning today's ballpark figure to a very high price, but assuredly these are amongst the major reasons for seeing a rise in Bitcoin investment in India. If you are willing to get your first Bitcoin you can click here.