There is a growing consensus that cryptocurrencies will certainly play a crucial role in the way we deal with money. In April 2017, the total market cap for all cryptocurrencies, combined, was slightly higher than $25 Bn. The same market cap shot up by 300% and touched $100 Bn within 60 days. However, things changed drastically after the demonetisation drive announced by PM Narendra Modi. This action was meant to curtail counterfeit cash, but it also left many people panicking. In the panic, Indian residents turned to Bitcoin. Google recently reported that searches from India about Bitcoin have reached all-time highs, and the value has too.
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