Winning Bizness Desk

Mumbai. Reserve Bank of India (RBI) Governor Shaktikanta Das has insisted that cryptocurrencies should be banned. In a program Das made it clear that crypto must be banned. Reserve Bank Governor Shaktikanta Dal has said on this type of currency many times before that this type of currency is illegal. But now he has strongly advocated it.

Be careful treasure hunters

If you are also making money through currency like crypto or looking for treasure in it, then you should be careful. The statement of the Chief of the Central Bank becomes even more important here because you are thinking of making money illegally in a way. Shaktikanta Das says that some people consider it as an asset while some people call it a financial product but you should know that this type of currency has no future as it is the underlying value.

What do the figures indicate

In April-May 2021, the value of bitcoin had increased to around Rs 48 lakh. During this, the value of Ethereum also increased beyond 2 lakh 48. The value of cryptocurrencies such as bitcoin, ethereum or other currencies has never been stable. The faster it jumps, the faster it rolls down. After Corona, the brightness started decreasing – After Corona, there came a time when the brightness of this currency started to end. You can understand the ups and downs in the value of currencies like bitcoin, ethereum from the figures given below.

Bitcoin fell 60 percent

From these figures, you must have understood why the risk is highest in cryptocurrencies like bitcoin and ethereum. Talking about the price trend of last one year only, Bitcoin has fallen by 60%, Ethereum by 65%, BNB by 45%, Ripple by 48%, Dogecoin by 45%, Cardano by 74% and Polygon by 53%. After seeing these figures, it is clear how dangerous the future of those who find treasure in this currency is.