Arjun Balaji

India should be Ground Zero for Bitcoin adoption. Indian households are the largest cohort of gold ownership in the world, ~25k metric tons (~600 tons held by the RBI).

There's deep cultural context here: we’ll stop hoarding it the day Indian politicians become honest.

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Adoption of bitcoin has been slowed by heavy-handed regulation due to the explosion of scams (BitConnect originated in India).

There's also deep cultural context around gold to overcome — from mythology to the dowry system; major traction will require an intergenerational shift.

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A generational shift in ownership from gold to bitcoin isn't unreasonable in India: demographics are highly favorable.

More than 50% of its population is below the age of 25 and more than 65% are below the age of 35.

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