The chairman of Infosys talked about considering cryptocurrencies as a part of real estate like gold and silver. He believes that this will increase investment in India.
Nandan Nilekani’s opinion on cryptocurrencies
The popularity of digital currency (Cryptocurrency) is increasing all over the world these days. All the veterans and billionaires are giving investment advice in this. Nandan Nilekani, chairman and co-founder of Infosys, is also very impressed by these merits of cryptocurrency. That’s when he advised to use it as a property in an interview.
Nilekani said in an interview, “Just like some of your assets are in gold or real estate, you can keep some of your assets in crypto. I think that works as a store of value for crypto but certainly not in a transactional sense.”
Nandan Nilekani while supporting cryptocurrencies in India asked Indians to adopt this digital currency as an asset class. He believes that the growing popularity of cryptocurrencies and the lack of regulatory oversight could give it the status of an asset in the country.
IT giant Nilekani said allowing people and businesses to tap into the $1.5tn market would allow people holding cryptocurrencies to pump their money into India’s economy. Even before this, Nilekani has advocated the use of cryptocurrencies as an asset.
“We should think of crypto as an asset class and allow people to own some crypto,” he said at a clubhouse in March with Bloom Ventures angel investors Balaji Srinivasan and Karthik Reddy.
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