As the global tides regarding crypto have started to turn, eyes are on India right now to take the next step. The “perpetually” angry country that has rallied against crypto, with its PM even saying that crypto will “spoil the youth,” is now being urged to get with the times and get a Bitcoin reserve.
And this request comes from a place no other than the ruling party itself, Bharatiya Janta Party (BJP). Pradeep Bhandari, the national spokesperson for BJP, wrote in India Today that India is at a “pivotal juncture” and needs strong economic resilience, which could be achieved through accepting Bitcoin.
This is a signal that even the most apprehensive nations are now diving into crypto, which makes this the right time to find the best crypto to buy now.
India’s Crypto Policy Needs Clarity – Pradeep Bhandari
One of the biggest qualms that the people of India have regarding crypto is the lack of clarity. The surprisingly mixed condition of “unregulated but taxed” makes it very difficult for crypto enthusiasts to fully enter the space in the country. And considering the tax itself is 30%, the reasons for diving into crypto investments have reduced.
This has led many traders to look for dubious peer-to-peer (P2P) ways to circumvent the “law,” which makes investors susceptible to fraud.
According to Pradeep Bhandari, there is immense potential in crypto for India, but the policy needs more clarity.
He cited India’s role as the chair in forming a crypto working group with the IMF, which is a sign that the country can play a major role in this direction. This, however, cannot happen until the country itself jumps in and embraces crypto.
He also referenced the US’s move to create a strategic reserve, which should prompt India to take action as well.
Best Crypto to Buy Now
Given the current nature of the market, where the BTC price has stabilized around the $107K level, the news that India is now being urged to move forward with embracing crypto is big news. As the world’s biggest democracy and the most populated country, India is in a unique position to lead the Southeast Asian markets in terms of crypto.
This means early buyers may have the most to gain from the best crypto to buy now.
Best Wallet Token
As new players emerge in India to dive into cryptocurrency investments, accessibility is going to be the key, and that’s why Best Wallet, powered by the Best Wallet Token, could gain the most traction.
Developed as a decentralized wallet, Best Wallet could give centralized ecosystems a run for their money because of how easy it is to use. Not only does it help investors find early-moving opportunities through its token launchpad, it also lets investors buy and sell cryptocurrencies easily.
Supporting upwards of 60 chains, Best Wallet Token has recently added support for Bitcoin as well, quickly becoming one of the biggest Bitcoin trading platforms.
Additional perks, such as staking, an NFT marketplace, and iGaming interaction, have made it a desirable option among most investors.
The wallet’s community is also very responsive, thanks to the devs always being open to providing simple tutorials on YouTube.
Furthermore, the project has been gaining momentum constantly in the presale of its native crypto, having raised upwards of $13 million already.
BTC Bull
As Bitcoin prepares for another bullish phase and another major country thinks of diving into crypto, BTC Bull, for its simplicity and narrative-based approach, could easily become a top pick for most investors.
A social token with goals to follow Bitcoin’s path and funnel it towards the meme coin market, BTC Bull Token has engineered two of its core mechanics — token burns and Bitcoin airdrops — to trigger whenever Bitcoin reaches a new landmark in terms of price.
This could not only help BTC Bull tap into the supply-demand mechanic, but could also help holders get access to free Bitcoin.
This approach could help BTC Bull establish an almost symbiotic relationship with Bitcoin, allowing the growth of one to flow into the other.
This is one project that could very well gain explosive momentum once it arrives on cryptocurrency exchanges — at least, that’s what most analysts believe.
Bitcoin Hyper
A strong project with a unique paradigm, Bitcoin Hyper is a utility-driven meme coin project whose primary goal is to inject utility into the meme coin ecosystem. It has been marketed as a leading L2 scaling solution for the Bitcoin network, with the eventual goal of ensuring that smart contracts can be built on the network, potentially leading to the emergence of decentralized applications, NFTs, and more.
There are three core technologies that Bitcoin Hyper has leveraged to make this possible: an L2 scaling solution, the Solana Virtual Machine, and finally, a Canonical Bridge.
While the scaling solution helps with off-chain transactions, the Solana Virtual Machine could assist in the creation of decentralized applications. As for the Canonical Bridge, its goal is to connect Bitcoin Hyper and the Bitcoin network.
It is this mix of utility and memes that has made Bitcoin Hyper such an attractive addition. And unlike most new presales that only vaguely talk about perks, Bitcoin Hyper has provided a strong technological backdrop. It has explained the transaction process and how the entire ecosystem will function once it goes live.
On the meme side of things, its approach to combining Pepe and the superhero genre is one that could help it gain massive momentum in the short term.
Conclusion
India has had a complex relationship with crypto. It embraces the technology but despises the underlying asset, which is one of the reasons the financial budget made each year carries a lot of confusion.
But things are changing, and Indian politicians are seeking a rising wave of decentralized finance to push India upwards. While nothing more has been said about India’s willingness to adopt cryptocurrencies, even a small chance opens up the window to find the best crypto to buy now.
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