(This story originally appeared in on Mar 08, 2021)BENGALURU: More women are actively engaging with cryptocurrency as an asset class than ever before. Take Nirali Solani who heads a Mumbai-based family office. Until last March, she had shunned away from crypto as it was volatile. And then she started reading whitepapers on it.
“I read them because I’m not from a tech background. I started with small investments, but my faith in the asset went up and now most of my personal savings go into Bitcoin and Ethereum. I m a long term investor. I look at it as a store of value, it is a great inflation hedge over a longer period,” she says. Solani initially allocated 3-4 per cent of her portfolio to Bitcoin and Ethereum. Over time, the exposure has grown to 15-20 per cent. When I started investing, the average purchase price was $8,000-10,000, and today, it s 4x higher,” she says.
Women investors’ interest in cryptocurrencies rising
Top Searches
Women investors’ interest in cryptocurrencies rising
Avik Das & Shilpa Phadnis / TNN / Updated: Mar 8, 2021, 08:29 IST
FacebookTwitterLinkedinEMail
BENGALURU: More women are actively engaging with cryptocurrency as an asset class than ever before. Take Nirali Solani who heads a Mumbai-based family office. Until last March, she had shunned away from crypto as it was volatile. And then she started reading whitepapers on it.
“I read them because I’m not from a tech background. I started with small investments, but my faith in the asset went up and now most of my personal savings go into Bitcoin and Ethereum. I m a long term investor. I look at it as a store of value, it is a great inflation hedge over a longer period,” she says. Solani initially allocated 3-4% of her portfolio to Bitcoin and Ethereum. Over time, the exposure has grown to 15-20%. When I started investing, the average purchase price was $8
iStock
The government does not have the infrastructure to execute a crypto ban in India, leading to proliferation of black economy, experts say.
Cryptocurrency investors may take to peer-to-peer transfer method to dispose of or to continue holding on to their crypto assets in case the government goes ahead with the plan to ban such virtual money, experts and crypto exchanges have told ET.
Several cryptocurrency exchanges have reached out to the government in what is being seen
as the last hope to lobby against a complete ban on crypto assets in the country.
Cryptocurrencies like Bitcoin are based on blockchain technology that allows peer-to-peer (P2P) transfer from one wallet to another and one person to another without a banking account or using any other official channel, experts said.