Rakesh Jhunjhunwala, known as India’s Warren Buffet supports India’s rules and policies against Cryptocurrency, he believes that the Bitcoin party will bring a terrible consequence than any party’s hangover. He also thinks Bitcoin mania will soon end. Today Rakesh Jhunjhunwala attended an interview with CNBC and he said “I think it’s speculation of the highest order. I don’t want to join every party in town. I think the hangover is much worse.”
In recent time, Bitcoin and cryptocurrency price got a massive experience and some big fishes joined in that race, so people’s perception towards Bitcoin and cryptocurrency changed a bit, But today’s scenario is totally different, price of every coin is being decreased at an alarming rate. On the other hand, India’s authority has got some policies against Bitcoin and they are trying to push back cryptocurrency for the sake of their economy. India’s Buffet also said “I think regulators should step in and ban Bitcoin, and they should focus on the digital rupee.”
Along with India, Also some developing countries are trying to face cryptocurrency with a strong hand, recently Nigerian central bank also took major steps against blockchain and cryptocurrency.