CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rank of India in Bitcoin Investment Gain in 2020?
A
15
B
18
C
20
D
10
Explanation: 

Detailed explanation-1: -India has been ranked at 18th spot with a profit of $241 million, among the top 25 countries, in Bitcoin investment gains 2020. List of top 25 countries in realised Bitcoin gains for 2020: United States. China.

Detailed explanation-2: -Experts remain conflicted on whether bitcoin has bottomed out yet. Some say it already has, while others says bitcoin could fall as low as $10, 000 in 2022. This volatility is a big part of why experts recommend keeping your crypto investments to less than 5% of your portfolio to begin with.

Detailed explanation-3: -Currently, cryptocurrencies are not regulated in India. There are no regulations to ban people from dealing in or mining cryptocurrency.

Detailed explanation-4: -Tamadoge is the next big project with the highest possibility of exploding in 2022, as evidenced in its latest presale, which raised $20 million in a matter of weeks. The demand for this play-to-earn virtual gaming platform has been up since its Initial Exchange Offering on OKX for all the right reasons.

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