And it will be good, right? Because there will be transparency in government, and all the transactions will happen openly because of the decentralised nature of the technology.” “The big people who make the change (Įlon Musk), believe in it and are adopting it. Crypto will be in our future,” she explained to me. “If everybody's believing in crypto and they're investing in crypto, to me it means that you're forcing the government to adopt it. He was wary of the unregulated nature of the industry. “It is a total scam”, her father had said in response to Srushti’s request for his PAN and Aadhaar card details. “I came to know about Bitcoin when I joined Twitter in August last year,” said Srushti (16), a self-confessed startup enthusiast who writes tech-related threads on the microblogging platform.Īfter a little digging about the blockchain and crypto, she was sold on the concept. ‘Investing in BTC and ETH is investing in the future' 82650375 Only the first name is used to protect the identity of minors. Most had a similar initiation into the crypto universe: they saw celebrities or billionaires tweet about it. Several 16-year-olds I spoke with are using their parents’ IDs-with their approval-to start crypto trading. Most follow a self-regulated code of conduct that requires a new user to furnish PAN/Aadhaar details and a selfie with the Aadhaar card to register for crypto trading. Indian crypto exchanges require users to be at least 18 years of age to trade. Now, they can’t legally invest in cryptocurrency themselves. This, in turn, gives them the freedom to play with bitcoin and the ilk. ![]() YouTube videos of “What is Bitcoin” by comedian-turned-youtuber Tanmay Bhat to showcasing returns on their portfolio, 20-year-olds are deploying all the tricks in their toolbox to convince their “moms, mausis and mamas” to invest in crypto.Īlmost a dozen 20-nothings I spoke with end up becoming crypto advisers to their older relatives. ![]() Has gone beyond millennials to those pushing 45 and, at times, those over 65 years of age. Last week, I reported how investing in crypto And they are eager to invest in cryptocurrency - hanging on every word of the “Technoking of Tesla, Imperator of Mars”.
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