Financial Express, an esteemed media firm is organising a Digital Currency Conclave 2022. They have been in talks with some of the experts in the crypto industry over their. Now, we have some highlights collected from the same to widen your horizons.
Advice On How To Invest Knowing It’s a Volatile Market
According to Jalak Jobanputra, Founder and Managing Partner, Future Perfect Ventures, an individual should plan a long game instead of a short one. Moreover, he also says that you first need to learn the game and then participate in trading.
While Avinash Shekhar, Co-CEO, ZEbPay, says that your portfolio should hold much fewer crypto investments. At least until you have a perfect sense of understanding of the same.
Manisha Kapoor, Secretary-General, ASCI, said that in a volatile technology like crypto, you can only invest the sum you’re okay with getting turned to ashes.
NFT Can Be Duplicated Due To Lack Of Security
You might end up losing your money’s worth on investing in NFT. As it can be easily duplicated, says Amit Jaju, Senior MD, Ankura Consulting. He brings the fact to light that NFT’s are not that great in terms of security, and that is why people who buy NFT are going for an offline contract.
Need of New Crypto-Related Laws
According to SC Garg, we need a new set of rules for the function of crypto-related assets. We need some strong laws, from getting our national crypto coin to removing confusion from the state.
While many believe that we’d see a mix of both virtual and real-world in the future, Amit Jaju declines that claim. He says that while Metaverse is here to stay, it’ll never take on the real world. They are going to coexist separately and for good.
CryptoCurrency is a Multi-Trillion Dollar Market
If India plays its card right and makes the Indian market a lucrative one for doing crypto business, it can open a goldmine of opportunities. We can take examples from Dubai as they’ve started to hop on the trend at the very right time.
These were some of the important points raised in the Digital Currency Conclave 2022. What are your views on the same? Let us know in the comments down below.