Cryptocurreny

Expert view: Sidharth Sogani Jain, CEO of Blue Aster Capital, asserts that Bitcoin serves as a long-term hedge against dollar debasement and sovereign debt. Discover why he believes crypto complements gold and how to strategically allocate investments in this evolving market.

With title sponsor Delta Exchange, the event drew a strong response from traders, investors, developers, and crypto fans, showing the growing interest in digital assets and blockchain innovation in India.

With increasing digital asset use, custody is vital for security and operational integrity. A trend towards third-party custody is expected to mitigate risks, transforming custody from a backend function to a fundamental aspect of digital asset management.

Ray Dalio asserts that gold is superior to Bitcoin due to its immunity from government control and potential risks associated with Bitcoin, including interference and monitoring. He recommends a 5-15% allocation to gold, expressing concerns about stablecoins and the volatility of fiat currencies.

The government reported a TDS collection of ₹5.12 billion on cryptocurrency transactions for 2024-25, a 41% rise from ₹3.63 billion in FY24. Full details here.

Nithin Kamath said that to make matters worse, some of the crypto platforms offer 100 to 200 times leverage, making it an even more dangerous proposition given the highly volatile nature of the crypto market.