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In gold-crazy India, millennials are turning to cryptocurrency amid Covid-19

Dinesh Reddy organised his daughter’s wedding with fanfare in May but he was forced to downsize the gathering due to Covid-19 lockdown measures in the southern Indian city of Bangalore. What he saved from the reduced splurge, the newlyweds received in the form of bitcoin. Likewise, Shanky Singla, a 33-year-old businessman in Punjab, resumed investing his savings in cryptocurrency this year after a long gap. “The value of money decreases with each passing day,” said Singla, who had been…

Read the original article at South China Morning Post

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