That is the number that Clif High has for Bitcoin in January 2018. He has been way off for silver, but for the cryptos, he has been spot on with just about everything. Maybe his webbot works better on markets that are not manipulated.
I am way enthused that India is onboard for Bitcoin. That is the 2nd largest population of any country in the world at just under 1 billion people. Big things are going to happen if Indians start buying crypto in any fraction of the numbers they buy PMs.
I'd be okay with this. India getting on board is good for the market long term imo, even if they may saturate it at first.
It is great for expansion of Bitcoin. If every indian puts in a few dollars, that'll double the price soon enough.