Of Blitz & Blues Of Bitcoins

The world is witnessing the most unprecedented time affecting every country’s social, political, and economic landscape. The Covid-19 pandemic has brought our world to a long halt. We still do not have clarity on when and how it would recover from this crisis. India has just left the second wave of Covid-19 behind, and if experts are to be believed, another six to eight weeks and the third wave is on its way. Lockdowns are becoming the new norm. The Indian economy is bing battered like never before, further deteriorating the earnings and savings. Amid the crisis, the rage of cryptocurrencies is gripping the world, including India. These new financial instruments with vicious volatility have generated substantial interest from young, the global rich, and famous. News reports claiming an increase in the significant number of Indian investors in cryptocurrencies baffles me. Why do...