Demonetization and Bitcoin adoption in India

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Bitcoin adoption in India – an update to this video –

Latest developments:
Demonetization to tackle corruption and terrorism – 8 November to end December 2016 – Prime Minister Narendra Modi banned 500 and 1,000 rupee notes with immediate effect – worth about $7 and $15 — 86% of cash in circulation – The economy runs on cash – estimated that between 90 – 98% of all transactions.

Ambit Economists – FY18 GDP growth estimate to 5.8% YoY (from 7.3%). Goldman Sachs downgraded its outlook for the 2017 fiscal year, estimating the economy will expand by 6.3% year-on-year, compared with a Bloomberg median estimate of 7.3%.

Central Bank have kept interest rate unchanged – 7 December 2016

India is on the brink of a digital revolution with digital payment wallets growing in number – Bitcoin price rockets past $900 and beyond!

Remittances into to India – Huge opportunity for migrant workers to send Bitcoin home for profit.

Sellers of Bitcoin on LocalBitcoins are quoting prices from $915 to over $1200 per bitcoin – check it out here

For live Bitcoin prices go to

Frequently asked questions answered here

This video was sponsored by Swiss Bank In Your Pocket which is an offline wallet, vault and integrated suite of banking applications for digital currency – safe secure and private.

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Please watch: “Bitcoin News 13 Oct 2017 – Bitcoin Price Flirts with $6000 as Bitcoin Gold Nears”

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