High net-worth individuals (HNIs) in India are more seemingly to invest in Bitcoin than different cryptocurrencies, per a new Huru India survey, FinancialExpress reported on Aug. 30.

Digital currencies were the fourth most preferred quality overall, although nearly 1/2 the respondents didn’t know what cryptocurrencies are.

One tenth of wealthy Indians decide to invest in crypto

Of the Indian HNIs surveyed, around 100% said that they meant to invest in cryptocurrency over the next 3 years.

This created digital currency the fourth most favored asset category. real estate is unsurprisingly the most preferred quality, followed by stock and fixed-income assets.

However, nearly 1/2 people who responded, indicated that they didn’t know much regarding virtual currency at all.

Those who are knowledgeable like Bitcoin

Of the respondents who were alert to cryptocurrency, nearly 30 minutes declared a preference to invest in Bitcoin (BTC). an additional Sep 11 most popular Ether (ETH) as an investment, with seven-membered indicating a preference for XRP.

The Indian authorities have a turbulent current relationship with cryptocurrency. As reported by Top Market Group last week, the Indian Supreme court has been running out of patience with the central bank. It gave the bank just fortnight to justify a ban on servicing crypto-businesses that it imposed in July 2018.

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