Business Standard

'Crypto bole toh': Bitcoin takes on gold for Diwali, helped by film stars

The RBI remains critical of cryptocurrencies, advocating that the government ban them.

Cryptocurrency, bitcoin, ripple
Premium

Saritha Rai | Bloomberg
Ahead of Diwali, two of Bollywood’s leading men are pitching another option during India’s annual gold shopping spree: cryptocurrencies.

India’s top two crypto platforms have each tapped stars -- one, Amitabh Bachchan, may be the most famous Indian actor of all time -- to promote cryptocurrencies as a superior and easy investment ahead of Dhanteras, the auspicious first day of the holiday, when buyers traditionally splurge on gold. Indians have expanded their Diwali investments to include stocks, real estate, diamonds and other assets. 

Cryptocurrency exchanges like Bangalore-based CoinSwitch Kuber and CoinDCX are touting Bitcoin as another option. In an advertisement

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in