Investors often search for unique investment opportunities that can generate extraordinary returns for them in the short term. While it is difficult to find such opportunities frequently, one such asset class has surprised investors since the last year, earning a return of more than 700% and seeing increased investor interest, i.e., Bitcoin. In India, the total investment in cryptocurrencies has increased from $200 million to $40 billion in the past year, increasing by 200%. The interest in Bitcoin is mainly from the age group of 18-35 years as they are more risk-taking in nature.

“Bitcoin”, capitalised, refers to the protocol and transaction network whereas “bitcoin”, lowercase, refers to the currency itself. So, having learned that bitcoins correspond to virtual currency,