Bitcoin, DOGEcoin, Ethereum - crypto frenzy in India
What is the buzz about Cryptocurrencies? Cryptocurrency is rapidly climbing the stairs of popularity all around the world, all thanks to all mighty supposed "King of Internet" Elon Musk. Tesla CEO has been a key player in promoting and giving fuel to the crypto frenzy through all these years. As a result, cryptocurrencies like Bitcoin, Ethereum, and even "memecoins" such as the very famous "DOGE" coin. Mr. Musk hailed himself as the "dogefather" after constantly vouching for this coin. As a result, it rapidly rose from being worth few paisas in January 2021 (0.34INR in January) to an astronomically high figure of 54INR on the 8th of May. 2021. According to CNBC, an investment of $1000 (75000 INR approx) would be worth more than $120,000 (90 lakh INR), which is almost a 12,000% return in mere months! This frenzy caught the eyes of "common Indian" people, and many rushed to invest in this magical asset, which in turn broke many crypto e