Indian elites are now beginning to steal banks on new emerging trends. This trend has allowed India’s HNI, or wealthy individuals, to actively explore cryptocurrencies, particularly after allocating a portion of their crypto investment to the crypto domain. Although the Indian cryptocurrency domain is largely independent and neutral, the demand for various crypto coins within the elite Indian community shows an upward trend that cannot be stopped immediately.
Indians are dumping money for the code
Indians are becoming creative in their financial portfolios with a sudden pivot towards assets like Bitcoin. The new trends note that they allocate some of their gold investments to robust crypto assets such as Bitcoin, ETH, and Solana (SOL), as well as part of their gold investments to explore diversifying their portfolios and spiking crypto demands.
According to Edul Patel, CEO and co-founder of Mudrex, India’s HNI has begun pushing some of its gold investments into BTC, SOL and ETH. Patel also shared how the growing demand for crypto on global planes is the main reason why US political support in the domain is causing this new change.
“Since last year’s US election, interest in crypto has risen worldwide and has increased overall confidence. In India, more HNI and family offices are beginning to add crypto to their portfolios. Nearly 30% of our volume currently invests 2-5% from this group, mainly for diversification, and as Mudrex.,” Patel shared.
The Indian market is actively exploring crypto
Indian investors are now bold in their efforts to curb inflationary pressures. While most high-net individuals turn their eyes to crypto to hedge their assets, the market is responding sharply to escalating geopolitical issues.
“The idea among wealthy Indian investors has shifted from asking why they should invest in crypto to how much they should allocate it in a well-diversified portfolio.”, As Sumit Gupta, founder of Coindcx, said:
According to the latest statistics, Indians currently invest nearly 2-5% of their money in crypto, prioritizing security above all else.
“We usually see us assigning 2-5% of our portfolio to digital assets, reflecting a clear understanding of inherent risk and volatility. This conservative allocation allows us to take advantage of the potential rise in crypto while maintaining overall portfolio stability.” Patel shared.