RATE Group | Bitcoin: India’s Largest Blockchain Event Signals a New Boom, CEO Claims
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Bitcoin: India’s Largest Blockchain Event Signals a New Boom, CEO Claims

05 Sep Bitcoin: India’s Largest Blockchain Event Signals a New Boom, CEO Claims

Posted at 04:31h in Bitcoin News by

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Cryptocurrency could be due for a big comeback. Last month saw the debut of Asia’s largest blockchain conference, the International Blockchain Congress in India, with over 5,000 registered attendees and over 200 government attendees. It’s a huge sign of interest in the technology, and the CEO of co-host Nucleus Vision sees it as a sign that the markets are about to soar.

“It only needs a few triggers globally to bring the market back up,” Abhishek Pitti tells Inverse. “What happened in India is giving everybody this huge signal that the governments are supporting the blockchain applications. The crypto markets are just following signals that come. There definitely has been lag in coming back, but based on the blockchain adoption in the community, the crypto markets are only a signal away to come back up. Though it’s a little bearish at the moment, I think it’s only a short-term thing.”

Bitcoin’s current price of $7,375 is well below its December 2017 peak of nearly…

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