While this incident prompted Pethe to sell his bitcoin stash immediately and vow to steer clear of such investments in the future, cryptocurrency exchanges claim that around 2,500 new users in India are entering the market every day. Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry says, “Bitcoin is fraught with risks and not backed by any tangible asset. But the number of investors is still growing, which is a concern.”
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