#wazirx news

[jesminakthar01]

রোজা এবং সিয়াম নিয়ে ,আব্দুর রাজ্জাক বিন ইউসুফ 2024 সালের নতুন ওয়াজ | ...

[cryptonews10]

Indian Exchange company WazirX Takes an Unexpected Turn with their NFT M...

[casper0510]

After $100,000, Bitcoin May Hit $1 Million By 2033: How Can Indian Investors Ride The Wave?

Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the US. Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump. His appointment of Paul Atkins, a crypto advocate, as the SEC Chair and Elon Musk’s leadership in the newly formed Department of Government Efficiency are clear signals of a favourable regulatory environment for digital assets. Over the past month alone, BTC has surged by 50 per cent, with its market cap crossing the $2 trillion threshold and delivering 144 per cent year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction — SOL and XRP have hit an all-time high. 

What’s Driving Bitcoin’s Meteoric Rise?

This rally isn’t just about political shifts. Bitcoin ETFs recorded a staggering $676 million inflow in a single day, highlighting robust institutional demand. Edul Patel, CEO of Mudrex, expects that Bitcoin is expected to hit $120,000 in coming weeks. 

Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.

With the US embracing pro-crypto policies other countries are also moving favourably, China has now lifted restrictions on personal crypto ownership. Brazil, and Russia are considering Bitcoin for reserves, signalling its growing global economic role.

What Experts Suggest Indian Investors

For Indian investors, this rally presents a golden opportunity. Despite regulatory uncertainty in India, the global push toward cryptocurrency legitimisation could benefit local investors. With increasing acceptance, Bitcoin is cementing itself as a hedge against inflation and a mainstream asset class.

“For investors, the spotlight now shifts to long-term planning: keeping an eye on market cycles, diversifying portfolios, and staying updated on regulatory shifts. While this breakthrough fuels optimism, it’s important to tread carefully — volatility remains part of the game," Himanshu Maradiya, Chairman and Founder, CIFDAQ.  

Balaji Srihari, business head at CoinSwitch, said if the past is any indicator, the April 2024 halving could spark a rally of 300-400 per cent, aligning perfectly with this forecasted target.

“However, in this dynamic environment, investors must stay informed about market developments to make confident and well-informed decisions," Srihari added.

How to Invest in Bitcoin in India?

If you’re new to the crypto world or looking to expand your portfolio, here’s how you can get started:

Choose a Reliable Exchange

Platforms like WazirX, CoinDCX, and Binance offer secure and user-friendly interfaces for trading Bitcoin. Ensure the platform is compliant with Indian regulations and offers robust security features.

Understand the Risks

Bitcoin’s volatility is legendary. While its long-term trajectory seems promising, investors must be prepared for sharp price swings. Invest only what you can afford to lose.

Stay Informed

Keep an eye on global developments, particularly in the US, as policy changes can significantly impact crypto markets. Utilise tools like CoinMarketCap and Glassnode to monitor Bitcoin’s performance.  

Diversify Your Portfolio

While Bitcoin is the most popular cryptocurrency, consider diversifying into other digital assets like Ethereum, Solana, or Cardano. Diversification can help balance risk and reward.

Consult Your Financial Advisor

Crypto is a highly volatile instrument involving high risk, it is highly necessary to consult a financial advisor before putting your money into such instruments.

Tax Implications for Indian Investors

In India, cryptocurrency gains are treated as a separate class of income. As per current regulations:

Flat 30% Tax on Gains: Any profit from the transfer of cryptocurrency, including Bitcoin, is taxed at a flat rate of 30%. This applies irrespective of the holding period (short-term or long-term).

No Deduction for Losses or Expenses: Except for the cost of acquisition, no other deductions are allowed. Losses from crypto cannot be set off against other income and cannot be carried forward to subsequent years.

1% TDS: A 1% Tax Deducted at Source (TDS) is applicable on transactions exceeding ₹50,000 (₹10,000 for non-salaried individuals) in a financial year.   ​​​​​​​ https://www.news18.com/business/cryptocurrency/analysts-peg-bitcoin-at-1-million-by-2033-how-can-indian-investors-ride-the-wave-9145692.html www.cifdaq.com

CIFDAQ#BITCOIN#CRYPTOINVESTING

[caspi2305]

After $100,000, Bitcoin May Hit $1 Million By 2033: How Can Indian Investors Ride The Wave?

Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the US. Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump. His appointment of Paul Atkins, a crypto advocate, as the SEC Chair and Elon Musk’s leadership in the newly formed Department of Government Efficiency are clear signals of a favourable regulatory environment for digital assets. Over the past month alone, BTC has surged by 50 per cent, with its market cap crossing the $2 trillion threshold and delivering 144 per cent year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction — SOL and XRP have hit an all-time high. 

What’s Driving Bitcoin’s Meteoric Rise?

This rally isn’t just about political shifts. Bitcoin ETFs recorded a staggering $676 million inflow in a single day, highlighting robust institutional demand. Edul Patel, CEO of Mudrex, expects that Bitcoin is expected to hit $120,000 in coming weeks. 

Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.

With the US embracing pro-crypto policies other countries are also moving favourably, China has now lifted restrictions on personal crypto ownership. Brazil, and Russia are considering Bitcoin for reserves, signalling its growing global economic role.

What Experts Suggest Indian Investors

For Indian investors, this rally presents a golden opportunity. Despite regulatory uncertainty in India, the global push toward cryptocurrency legitimisation could benefit local investors. With increasing acceptance, Bitcoin is cementing itself as a hedge against inflation and a mainstream asset class.

“For investors, the spotlight now shifts to long-term planning: keeping an eye on market cycles, diversifying portfolios, and staying updated on regulatory shifts. While this breakthrough fuels optimism, it’s important to tread carefully — volatility remains part of the game," Himanshu Maradiya, Chairman and Founder, CIFDAQ.  

Balaji Srihari, business head at CoinSwitch, said if the past is any indicator, the April 2024 halving could spark a rally of 300-400 per cent, aligning perfectly with this forecasted target.

“However, in this dynamic environment, investors must stay informed about market developments to make confident and well-informed decisions," Srihari added.

How to Invest in Bitcoin in India?

If you’re new to the crypto world or looking to expand your portfolio, here’s how you can get started:

Choose a Reliable Exchange

Platforms like WazirX, CoinDCX, and Binance offer secure and user-friendly interfaces for trading Bitcoin. Ensure the platform is compliant with Indian regulations and offers robust security features.

Understand the Risks

Bitcoin’s volatility is legendary. While its long-term trajectory seems promising, investors must be prepared for sharp price swings. Invest only what you can afford to lose.

Stay Informed

Keep an eye on global developments, particularly in the US, as policy changes can significantly impact crypto markets. Utilise tools like CoinMarketCap and Glassnode to monitor Bitcoin’s performance.  

Diversify Your Portfolio

While Bitcoin is the most popular cryptocurrency, consider diversifying into other digital assets like Ethereum, Solana, or Cardano. Diversification can help balance risk and reward.

Consult Your Financial Advisor

Crypto is a highly volatile instrument involving high risk, it is highly necessary to consult a financial advisor before putting your money into such instruments.

Tax Implications for Indian Investors

In India, cryptocurrency gains are treated as a separate class of income. As per current regulations:

Flat 30% Tax on Gains: Any profit from the transfer of cryptocurrency, including Bitcoin, is taxed at a flat rate of 30%. This applies irrespective of the holding period (short-term or long-term).

No Deduction for Losses or Expenses: Except for the cost of acquisition, no other deductions are allowed. Losses from crypto cannot be set off against other income and cannot be carried forward to subsequent years.

1% TDS: A 1% Tax Deducted at Source (TDS) is applicable on transactions exceeding ₹50,000 (₹10,000 for non-salaried individuals) in a financial year.   ​​​​​​​ https://www.news18.com/business/cryptocurrency/analysts-peg-bitcoin-at-1-million-by-2033-how-can-indian-investors-ride-the-wave-9145692.html www.cifdaq.com

CIFDAQ#BITCOIN#CRYPTOINVESTING

[universaldogemusk]

Analyst Tells Forbes Bitcoin Could Hit $1,000,000 as Soon as Next Year

Bitcoin (BTC) has endured a tumultuous period over the past few weeks, with its value experiencing significant swings. After peaking at around $70,000 in July, the cryptocurrency plunged below $48,000 by August 5th. However, it has since demonstrated signs of resurgence, rebounding to approximately $62,500. Several analysts are making bold predictions about Bitcoin’s future trajectory amid these volatile shifts.

In a recent interview with Forbes, Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, presented an eye-catching forecast, suggesting that Bitcoin could potentially hit $1,000,000 by 2025. While this prediction might seem audacious, Maradiya believes several factors could drive Bitcoin towards this milestone.

Notably, the pundit pointed to the increasing adoption of Bitcoin, the approval of Bitcoin ETFs in various countries, and rising concerns over fiat currency devaluation as key drivers. The pundit also emphasized the recent halving event on April 20, 2024, which reduced the rate at which new Bitcoins are created, as another factor influencing his predictions. Historically, Bitcoin halvings have led to significant price increases due to reduced supply.

“Predicting a $1,000,000 Bitcoin might appear overly optimistic, but the increasing institutional interest and regulatory support for cryptocurrencies make this scenario plausible,��� Maradiya stated.

Elsewhere, former BitMEX CEO Arthur Hayes recently suggested that Bitcoin might spike to $1,000,000 in the current market cycle. In an interview with DL News last week, Hayes attributed this potential surge to global financial shifts and high debt levels.

“The Bitcoin price in this cycle is going to go very, very high. Hundreds of thousands of dollars, maybe $1 million.” Said, Hayes. “We’re entering a period of significant change in the global monetary system.”

Elsewhere, Rajagopal Menon, Vice President of India’s largest crypto exchange, WazirX, commented on Bitcoin’s potential. Menon believes Bitcoin could initially target between $90,000 and $100,000 before the year ends.

“The $100,000 mark represents a significant psychological barrier,” Menon said. “Bitcoin may experience substantial resistance around this level, which could affect its short-term performance.”

Veteran trader Peter Brandt has also echoed a bullish outlook, predicting that Bitcoin could reach $150,000 by the end of 2025. Like Maradiya, Brandt’s forecast is based on historical trends associated with Bitcoin’s halving cycles, often leading to bullish market phases. However, Brandt also cautioned that there is a 50% chance Bitcoin might drop below $40,000 before the effects of the latest halving fully materialize.

Bitcoin traded at $59,234 at press time, reflecting a 1.03% drop over the past 24 hours.

https://cifdaq.com/

[cryptokid3]

After $100,000, Bitcoin May Hit $1 Million By 2033: How Can Indian Investors Ride The Wave?

Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump. His appointment of Paul Atkins, a crypto advocate, as the SEC Chair and Elon Musk’s leadership in the newly formed Department of Government Efficiency are clear signals of a favourable regulatory environment for digital assets. Over the past month alone, BTC has surged by 50 per cent, with its market cap crossing the $2 trillion threshold and delivering 144 per cent year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction — SOL and XRP have hit an all-time high.

What’s Driving Bitcoin’s Meteoric Rise? This rally isn’t just about political shifts. Bitcoin ETFs recorded a staggering $676 million inflow in a single day, highlighting robust institutional demand. Edul Patel, CEO of Mudrex, expects that Bitcoin is expected to hit $120,000 in coming weeks.Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.With the US embracing pro-crypto policies other countries are also moving favourably, China has now lifted restrictions on personal crypto ownership. Brazil, and Russia are considering Bitcoin for reserves, signalling its growing global economic role.

What Experts Suggest Indian Investors For Indian investors, this rally presents a golden opportunity. Despite regulatory uncertainty in India, the global push toward cryptocurrency legitimisation could benefit local investors. With increasing acceptance, Bitcoin is cementing itself as a hedge against inflation and a mainstream asset class. “For investors, the spotlight now shifts to long-term planning: keeping an eye on market cycles, diversifying portfolios, and staying updated on regulatory shifts. While this breakthrough fuels optimism, it’s important to tread carefully — volatility remains part of the game," Himanshu Maradiya, Chairman and Founder, CIFDAQ. Balaji Srihari, business head at CoinSwitch, said if the past is any indicator, the April 2024 halving could spark a rally of 300-400 per cent, aligning perfectly with this forecasted target. “However, in this dynamic environment, investors must stay informed about market developments to make confident and well-informed decisions," Srihari added.

How to Invest in Bitcoin in India? If you’re new to the crypto world or looking to expand your portfolio, here’s how you can get started:

Choose a Reliable Exchange Platforms like WazirX, CoinDCX, and Binance offer secure and user-friendly interfaces for trading Bitcoin. Ensure the platform is compliant with Indian regulations and offers robust security features.

Understand the Risks Bitcoin’s volatility is legendary. While its long-term trajectory seems promising, investors must be prepared for sharp price swings. Invest only what you can afford to lose.

Stay Informed Keep an eye on global developments, particularly in the US, as policy changes can significantly impact crypto markets. Utilise tools like CoinMarketCap and Glassnode to monitor Bitcoin’s performance.

Diversify Your Portfolio While Bitcoin is the most popular cryptocurrency, consider diversifying into other digital assets like Ethereum, Solana, or Cardano. Diversification can help balance risk and reward.

Consult Your Financial Advisor Crypto is a highly volatile instrument involving high risk, it is highly necessary to consult a financial advisor before putting your money into such instruments.

Tax Implications for Indian Investors In India, cryptocurrency gains are treated as a separate class of income. As per current regulations: Flat 30% Tax on Gains: Any profit from the transfer of cryptocurrency, including Bitcoin, is taxed at a flat rate of 30%. This applies irrespective of the holding period (short-term or long-term).No Deduction for Losses or Expenses: Except for the cost of acquisition, no other deductions are allowed. Losses from crypto cannot be set off against other income and cannot be carried forward to subsequent years.1% TDS: A 1% Tax Deducted at Source (TDS) is applicable on transactions exceeding ₹50,000 (₹10,000 for non-salaried individuals) in a financial year.Make sure to report all crypto transactions accurately in your Income Tax Return (ITR) to avoid penalties.

www.cifdaq.com

[blockinsider]

Creditors’ Approval May Delay WazirX $235M Hack Repayment Till 2030

Key Points

Indian crypto exchange WazirX may fully repay victims of a $235 million hack, depending on creditors’ approval.

Repayment could begin as early as April 2025 or be delayed until 2030, depending on the creditors’ decision.

Victims of a cyberattack on WazirX, an Indian cryptocurrency exchange, may soon be compensated for their losses from the $235 million hack that occurred in July 2024. The exchange recently presented a visual roadmap on X (previously Twitter), outlining two potential repayment scenarios. The timeline for reimbursements now depends on the decision of the creditors.

If creditors agree with the suggested restructuring plan, the recovery process could start as soon as April this year. However, if the majority turns down the proposal, repayments could be postponed until as late as 2030.

Details of the Restructuring Proposal and Repayment Terms

The restructuring plan, due for a vote in the coming weeks, needs the approval of more than 75% of creditors (by value) for it to be implemented. If ratified, the plan will commence in April 2025, initiating a range of recovery actions aimed at restoring trust and stability.

If the proposal is accepted, WazirX will resume trading operations and begin the first round of repayments within 10 business days of the plan’s activation.

The recovery strategy includes the following key components:

Distribution of Net Liquid Assets: Initial repayments will be made by distributing recovered funds to affected creditors.

Launch of a Decentralized Exchange: The proposal includes the creation of a decentralized exchange (DEX) to enable more transparent and efficient trading.

Issuance of Recovery Tokens: Creditors will receive recovery tokens that can be traded on secondary markets, offering a way to recover some of their losses.

Regular Token Buybacks: WazirX will conduct regular buybacks of recovery tokens using platform profits and new revenue streams, aiming to increase their value over time.

These measures are intended to not only repay creditors but also to rebuild the exchange’s operational framework and restore market confidence.

The Hack: Breach, Shutdown, and Legal Consequences

In July 2024, WazirX was the victim of a significant cyberattack, resulting in a loss of $235 million.

The breach was reportedly caused by internal system vulnerabilities that were exploited by the hackers.

Following the hack, WazirX suspended its operations, including Bitcoin and Ethereum withdrawals, as part of its emergency response and internal investigation. The suspension was intended to prevent further losses while the exchange worked to understand and address the breach.

Indian law enforcement agencies also got involved and initiated an investigation. During the investigation, it was concluded that the breach was not due to system vulnerabilities but was carried out through a deceptive scheme involving the sale of a fraudulent account via Telegram.

In November 2024, a man from the Bengal region was arrested by Delhi Police on suspicion of involvement in the theft.

[cryptoenthu]

After $100,000, Bitcoin May Hit $1 Million By 2033: How Can Indian Investors Ride The Wave? Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the US.

Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump. His appointment of Paul Atkins, a crypto advocate, as the SEC Chair and Elon Musk’s leadership in the newly formed Department of Government Efficiency are clear signals of a favourable regulatory environment for digital assets.

Over the past month alone, BTC has surged by 50 per cent, with its market cap crossing the $2 trillion threshold and delivering 144 per cent year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction — SOL and XRP have hit an all-time high.

What’s Driving Bitcoin’s Meteoric Rise?

This rally isn’t just about political shifts. Bitcoin ETFs recorded a staggering $676 million inflow in a single day, highlighting robust institutional demand. Edul Patel, CEO of Mudrex, expects that Bitcoin is expected to hit $120,000 in coming weeks.

Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.

With the US embracing pro-crypto policies other countries are also moving favourably, China has now lifted restrictions on personal crypto ownership. Brazil, and Russia are considering Bitcoin for reserves, signalling its growing global economic role.

What Experts Suggest Indian Investors

For Indian investors, this rally presents a golden opportunity. Despite regulatory uncertainty in India, the global push toward cryptocurrency legitimisation could benefit local investors. With increasing acceptance, Bitcoin is cementing itself as a hedge against inflation and a mainstream asset class.

“For investors, the spotlight now shifts to long-term planning: keeping an eye on market cycles, diversifying portfolios, and staying updated on regulatory shifts. While this breakthrough fuels optimism, it’s important to tread carefully — volatility remains part of the game," Himanshu Maradiya, Chairman and Founder, CIFDAQ.

Balaji Srihari, business head at CoinSwitch, said if the past is any indicator, the April 2024 halving could spark a rally of 300-400 per cent, aligning perfectly with this forecasted target.

“However, in this dynamic environment, investors must stay informed about market developments to make confident and well-informed decisions," Srihari added.

How to Invest in Bitcoin in India?

If you’re new to the crypto world or looking to expand your portfolio, here’s how you can get started:

1. Choose a Reliable Exchange

Platforms like WazirX, CoinDCX, and Binance offer secure and user-friendly interfaces for trading Bitcoin. Ensure the platform is compliant with Indian regulations and offers robust security features.

2. Understand the Risks

Bitcoin’s volatility is legendary. While its long-term trajectory seems promising, investors must be prepared for sharp price swings. Invest only what you can afford to lose.

3. Stay Informed

Keep an eye on global developments, particularly in the US, as policy changes can significantly impact crypto markets. Utilise tools like CoinMarketCap and Glassnode to monitor Bitcoin’s performance.

4. Diversify Your Portfolio

While Bitcoin is the most popular cryptocurrency, consider diversifying into other digital assets like Ethereum, Solana, or Cardano. Diversification can help balance risk and reward.

5. Consult Your Financial Advisor

Crypto is a highly volatile instrument involving high risk, it is highly necessary to consult a financial advisor before putting your money into such instruments.

Tax Implications for Indian Investors

In India, cryptocurrency gains are treated as a separate class of income. As per current regulations:

Flat 30% Tax on Gains: Any profit from the transfer of cryptocurrency, including Bitcoin, is taxed at a flat rate of 30%. This applies irrespective of the holding period (short-term or long-term).

No Deduction for Losses or Expenses: Except for the cost of acquisition, no other deductions are allowed. Losses from crypto cannot be set off against other income and cannot be carried forward to subsequent years.

1% TDS: A 1% Tax Deducted at Source (TDS) is applicable on transactions exceeding ₹50,000 (₹10,000 for non-salaried individuals) in a financial year.

www.cifdaq.com

[jesminakthar01]

ক্ষমতার ফিতনা ও জুলকারনাইন এর ঘটনা। ডা: মিজানুর রহমান আজহারি।

[sahilcidfaq]

After $100,000, Bitcoin May Hit $1 Million By 2033: How Can Indian Investors Ride The Wave?

Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump. His appointment of Paul Atkins, a crypto advocate, as the SEC Chair and Elon Musk’s leadership in the newly formed Department of Government Efficiency are clear signals of a favourable regulatory environment for digital assets.

Over the past month alone, BTC has surged by 50 per cent, with its market cap crossing the $2 trillion threshold and delivering 144 per cent year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction — SOL and XRP have hit an all-time high.

What’s Driving Bitcoin’s Meteoric Rise?

This rally isn’t just about political shifts. Bitcoin ETFs recorded a staggering $676 million inflow in a single day, highlighting robust institutional demand. Edul Patel, CEO of Mudrex, expects that Bitcoin is expected to hit $120,000 in coming weeks.

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Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.

With the US embracing pro-crypto policies other countries are also moving favourably, China has now lifted restrictions on personal crypto ownership. Brazil, and Russia are considering Bitcoin for reserves, signalling its growing global economic role.

What Experts Suggest Indian Investors

For Indian investors, this rally presents a golden opportunity. Despite regulatory uncertainty in India, the global push toward cryptocurrency legitimisation could benefit local investors. With increasing acceptance, Bitcoin is cementing itself as a hedge against inflation and a mainstream asset class.

“For investors, the spotlight now shifts to long-term planning: keeping an eye on market cycles, diversifying portfolios, and staying updated on regulatory shifts. While this breakthrough fuels optimism, it’s important to tread carefully — volatility remains part of the game," Himanshu Maradiya, Chairman and Founder, CIFDAQ.

Balaji Srihari, business head at CoinSwitch, said if the past is any indicator, the April 2024 halving could spark a rally of 300-400 per cent, aligning perfectly with this forecasted target.

“However, in this dynamic environment, investors must stay informed about market developments to make confident and well-informed decisions," Srihari added.

How to Invest in Bitcoin in India?

If you’re new to the crypto world or looking to expand your portfolio, here’s how you can get started:

1. Choose a Reliable Exchange

Platforms like WazirX, CoinDCX, and Binance offer secure and user-friendly interfaces for trading Bitcoin. Ensure the platform is compliant with Indian regulations and offers robust security features.

2. Understand the Risks

Bitcoin’s volatility is legendary. While its long-term trajectory seems promising, investors must be prepared for sharp price swings. Invest only what you can afford to lose.

3. Stay Informed

Keep an eye on global developments, particularly in the US, as policy changes can significantly impact crypto markets. Utilise tools like CoinMarketCap and Glassnode to monitor Bitcoin’s performance.

4. Diversify Your Portfolio

While Bitcoin is the most popular cryptocurrency, consider diversifying into other digital assets like Ethereum, Solana, or Cardano. Diversification can help balance risk and reward.

5. Consult Your Financial Advisor

Crypto is a highly volatile instrument involving high risk, it is highly necessary to consult a financial advisor before putting your money into such instruments.

Tax Implications for Indian Investors

In India, cryptocurrency gains are treated as a separate class of income. As per current regulations:

Flat 30% Tax on Gains: Any profit from the transfer of cryptocurrency, including Bitcoin, is taxed at a flat rate of 30%. This applies irrespective of the holding period (short-term or long-term).

No Deduction for Losses or Expenses: Except for the cost of acquisition, no other deductions are allowed. Losses from crypto cannot be set off against other income and cannot be carried forward to subsequent years.

1% TDS: A 1% Tax Deducted at Source (TDS) is applicable on transactions exceeding ₹50,000 (₹10,000 for non-salaried individuals) in a financial year.

[priyyyyyyaaasharma-21]

Analyst Tells Forbes Bitcoin Could Hit $1,000,000 as Soon as Next Year

Bitcoin (BTC) has endured a tumultuous period over the past few weeks, with its value experiencing significant swings. After peaking at around $70,000 in July, the cryptocurrency plunged below $48,000 by August 5th. However, it has since demonstrated signs of resurgence, rebounding to approximately $62,500. Several analysts are making bold predictions about Bitcoin’s future trajectory amid these volatile shifts.

In a recent interview with Forbes, Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, presented an eye-catching forecast, suggesting that Bitcoin could potentially hit $1,000,000 by 2025. While this prediction might seem audacious, Maradiya believes several factors could drive Bitcoin towards this milestone.

Notably, the pundit pointed to the increasing adoption of Bitcoin, the approval of Bitcoin ETFs in various countries, and rising concerns over fiat currency devaluation as key drivers. The pundit also emphasized the recent halving event on April 20, 2024, which reduced the rate at which new Bitcoins are created, as another factor influencing his predictions. Historically, Bitcoin halvings have led to significant price increases due to reduced supply.

“Predicting a $1,000,000 Bitcoin might appear overly optimistic, but the increasing institutional interest and regulatory support for cryptocurrencies make this scenario plausible,” Maradiya stated.

Elsewhere, former BitMEX CEO Arthur Hayes recently suggested that Bitcoin might spike to $1,000,000 in the current market cycle. In an interview with DL News last week, Hayes attributed this potential surge to global financial shifts and high debt levels.

“The Bitcoin price in this cycle is going to go very, very high. Hundreds of thousands of dollars, maybe $1 million.” Said, Hayes. “We’re entering a period of significant change in the global monetary system.”

Elsewhere, Rajagopal Menon, Vice President of India’s largest crypto exchange, WazirX, commented on Bitcoin’s potential. Menon believes Bitcoin could initially target between $90,000 and $100,000 before the year ends.

“The $100,000 mark represents a significant psychological barrier,” Menon said. “Bitcoin may experience substantial resistance around this level, which could affect its short-term performance.”

Veteran trader Peter Brandt has also echoed a bullish outlook, predicting that Bitcoin could reach $150,000 by the end of 2025. Like Maradiya, Brandt’s forecast is based on historical trends associated with Bitcoin’s halving cycles, often leading to bullish market phases. However, Brandt also cautioned that there is a 50% chance Bitcoin might drop below $40,000 before the effects of the latest halving fully materialize.

Bitcoin traded at $59,234 at press time, reflecting a 1.03% drop over the past 24 hours.

[casper0510]

Could Bitcoin hit $1 million next year? Analyst says it's possible.

After Bitcoin's price peaked in July at around $73,000, it fell back below $48,000 by early August. Since then, the price has shown some recovery and is currently hovering around $62,500. Don't miss out on the latest news and interesting facts - follow us on Facebook and stay up to date in the crypto world! 

The $1 million goal Himanshu Maradiya, founder and president of CIFDAQ Blockchain Ecosystem, has made a very bold prediction, as he believes that the price of Bitcoin could reach $1 million by 2025.

While this prediction may seem overly optimistic, Maradiya says several factors could contribute to this.

One of the key drivers he highlighted is the growing acceptance of Bitcoin and the approval of Bitcoin ETFs in various countries.

These are positive factors, but there are also negative ones, such as concerns about the devaluation of fiat currencies, which also play a role in potential growth.

Maradiya also mentioned the fourth halving in April this year, which reduced the rate at which new Bitcoins are created.

Historically, such halvings have always led to significant price increases due to reduced supply. 

“The $1 million Bitcoin prediction may seem overly optimistic, but growing institutional interest and support for cryptocurrencies from nations makes this scenario likely.” Maradiya is not alone in her opinion. Former BitMEX CEO Arthur Hayes shares this view, stating that Bitcoin could reach $1 million within the current market cycle.

In an interview with DL News, Hayes attributed this growth to global financial changes and rising debt levels.

“The price of Bitcoin is going to go very, very high in this cycle. Hundreds of thousands of dollars, maybe even $1 million, and we are entering a period of significant change in the global financial system.”  

First $100,000 or $40,000? Rajagopal Menon, the vice president of India’s largest crypto exchange, WazirX, also shared some thoughts on Bitcoin’s potential. Menon believes that Bitcoin could reach the $90,000 to $100,000 range by the end of the year.

“The $100,000 level represents a significant psychological barrier. Bitcoin could face significant resistance at this level, which could impact its short-term performance.” According to another experienced trader and expert, Peter Brandt, Bitcoin could reach $150,000 by the end of 2025.   However, Brandt also warned that there is a 50% chance that Bitcoin will fall below $40,000 before the effects of the latest halving take full effect and the rally begins.

CIFDAQ#BITCOIN#CRYPTOINVESTING#BLOCKCHAIN#WEB3COMMUNITY  

www.cifdaq.com

[caspi2305]

Could Bitcoin hit $1 million next year? Analyst says it's possible,

After Bitcoin's price peaked in July at around $73,000, it fell back below $48,000 by early August. Since then, the price has shown some recovery and is currently hovering around $62,500. Don't miss out on the latest news and interesting facts - follow us on Facebook and stay up to date in the crypto world! 

The $1 million goal Himanshu Maradiya, founder and president of CIFDAQ Blockchain Ecosystem, has made a very bold prediction, as he believes that the price of Bitcoin could reach $1 million by 2025.

While this prediction may seem overly optimistic, Maradiya says several factors could contribute to this.

One of the key drivers he highlighted is the growing acceptance of Bitcoin and the approval of Bitcoin ETFs in various countries.

These are positive factors, but there are also negative ones, such as concerns about the devaluation of fiat currencies, which also play a role in potential growth.

Maradiya also mentioned the fourth halving in April this year, which reduced the rate at which new Bitcoins are created.

Historically, such halvings have always led to significant price increases due to reduced supply. 

“The $1 million Bitcoin prediction may seem overly optimistic, but growing institutional interest and support for cryptocurrencies from nations makes this scenario likely.” Maradiya is not alone in her opinion. Former BitMEX CEO Arthur Hayes shares this view, stating that Bitcoin could reach $1 million within the current market cycle.

In an interview with DL News, Hayes attributed this growth to global financial changes and rising debt levels.

“The price of Bitcoin is going to go very, very high in this cycle. Hundreds of thousands of dollars, maybe even $1 million, and we are entering a period of significant change in the global financial system.”  

First $100,000 or $40,000? Rajagopal Menon, the vice president of India’s largest crypto exchange, WazirX, also shared some thoughts on Bitcoin’s potential. Menon believes that Bitcoin could reach the $90,000 to $100,000 range by the end of the year.

“The $100,000 level represents a significant psychological barrier. Bitcoin could face significant resistance at this level, which could impact its short-term performance.” According to another experienced trader and expert, Peter Brandt, Bitcoin could reach $150,000 by the end of 2025.   However, Brandt also warned that there is a 50% chance that Bitcoin will fall below $40,000 before the effects of the latest halving take full effect and the rally begins.

CIFDAQ#BITCOIN#CRYPTOINVESTING#BLOCKCHAIN#WEB3COMMUNITY  

www.cifdaq.com

[tradingculture]

Analyst Tells Forbes Bitcoin Could Hit $1,000,000 as Soon as Next Year

Bitcoin (BTC) has endured a tumultuous period over the past few weeks, with its value experiencing significant swings. After peaking at around $70,000 in July, the cryptocurrency plunged below $48,000 by August 5th. However, it has since demonstrated signs of resurgence, rebounding to approximately $62,500. Several analysts are making bold predictions about Bitcoin’s future trajectory amid these volatile shifts.

In a recent interview with Forbes, Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, presented an eye-catching forecast, suggesting that Bitcoin could potentially hit $1,000,000 by 2025. While this prediction might seem audacious, Maradiya believes several factors could drive Bitcoin towards this milestone.

Notably, the pundit pointed to the increasing adoption of Bitcoin, the approval of Bitcoin ETFs in various countries, and rising concerns over fiat currency devaluation as key drivers. The pundit also emphasized the recent halving event on April 20, 2024, which reduced the rate at which new Bitcoins are created, as another factor influencing his predictions. Historically, Bitcoin halvings have led to significant price increases due to reduced supply.

“Predicting a $1,000,000 Bitcoin might appear overly optimistic, but the increasing institutional interest and regulatory support for cryptocurrencies make this scenario plausible,” Maradiya stated.

Elsewhere, former BitMEX CEO Arthur Hayes recently suggested that Bitcoin might spike to $1,000,000 in the current market cycle. In an interview with DL News last week, Hayes attributed this potential surge to global financial shifts and high debt levels.

“The Bitcoin price in this cycle is going to go very, very high. Hundreds of thousands of dollars, maybe $1 million.” Said, Hayes. “We’re entering a period of significant change in the global monetary system.”

Elsewhere, Rajagopal Menon, Vice President of India’s largest crypto exchange, WazirX, commented on Bitcoin’s potential. Menon believes Bitcoin could initially target between $90,000 and $100,000 before the year ends.

“The $100,000 mark represents a significant psychological barrier,” Menon said. “Bitcoin may experience substantial resistance around this level, which could affect its short-term performance.”

Veteran trader Peter Brandt has also echoed a bullish outlook, predicting that Bitcoin could reach $150,000 by the end of 2025. Like Maradiya, Brandt’s forecast is based on historical trends associated with Bitcoin’s halving cycles, often leading to bullish market phases. However, Brandt also cautioned that there is a 50% chance Bitcoin might drop below $40,000 before the effects of the latest halving fully materialize.

Bitcoin traded at $59,234 at press time, reflecting a 1.03% drop over the past 24 hours.

[cryptokid3]

Could Bitcoin hit $1 million next year? Analyst says it's possible

After Bitcoin's price peaked in July at around $73,000, it fell back below $48,000 by early August. Since then, the price has shown some recovery and is currently hovering around $62,500.

The $1 million goal Himanshu Maradiya, founder and president of CIFDAQ Blockchain Ecosystem, has made a very bold prediction, as he believes that the price of Bitcoin could reach $1 million by 2025. While this prediction may seem overly optimistic, Maradiya says several factors could contribute to this. One of the key drivers he highlighted is the growing acceptance of Bitcoin and the approval of Bitcoin ETFs in various countries. These are positive factors, but there are also negative ones, such as concerns about the devaluation of fiat currencies, which also play a role in potential growth. Maradiya also mentioned the fourth halving in April this year, which reduced the rate at which new Bitcoins are created. Historically, such halvings have always led to significant price increases due to reduced supply. “The $1 million Bitcoin prediction may seem overly optimistic, but growing institutional interest and support for cryptocurrencies from nations makes this scenario likely.” Maradiya is not alone in her opinion. Former BitMEX CEO Arthur Hayes shares this view, stating that Bitcoin could reach $1 million within the current market cycle. In an interview with DL News, Hayes attributed this growth to global financial changes and rising debt levels. “The price of Bitcoin is going to go very, very high in this cycle. Hundreds of thousands of dollars, maybe even $1 million, and we are entering a period of significant change in the global financial system.”

First $100,000 or $40,000? Rajagopal Menon, the vice president of India’s largest crypto exchange, WazirX, also shared some thoughts on Bitcoin’s potential. Menon believes that Bitcoin could reach the $90,000 to $100,000 range by the end of the year. “The $100,000 level represents a significant psychological barrier. Bitcoin could face significant resistance at this level, which could impact its short-term performance.”

Another experienced trader and expert, Peter Brandt, believes that Bitcoin could reach $150,000 by the end of 2025. "It will be my honor to record a video today for @RealVision @RaoulGMI to discuss the chart. I believe there is a 50% chance $BTC visits sub-$40k before the last half of the halving plays itself out" However, Brandt also warned that there is a 50% chance that Bitcoin will fall below $40,000 before the effects of the latest halving take full effect and the rally begins.

www.cifdaq.com

[bitcoinworldd]

Everything You Need to Know About WazirX: A Leading Crypto Exchange Platform

WazirX is a popular cryptocurrency exchange site where users can buy, sell, and trade a variety of cryptocurrencies. WazirX, known for its user-friendly design and seamless trading experience, has quickly become a popular choice among crypto aficionados in India and abroad. WazirX, which supports a number of coins like Bitcoin, Ethereum, and Ripple, provides both new and seasoned traders with the tools they need to succeed in the ever-changing world of digital assets. Whether you want to invest or trade, WazirX offers a secure and reliable platform for managing your cryptocurrency portfolio.