Despite having one of the worst years for cryptocurrencies, Indian investors avoided panic selling.
According to a report by crypto exchange CoinSwitch, which claims to have over 19 million users said Bitcoin was the most held crypto asset, with 12% of users opting to invest in the world’s most valuable crypto asset. This was followed by Dogecoin, Ethereum and Shiba Inu, which saw investments from 11.54%, 9.43% and 6.92% users, respectively.
The CoinSwitch report also said that investors in the age group of 18-25 years, which includes GenZ population, accounted for the highest (45%) crypto investments, while 34% of the investors were millennials in the age group of 26-35 in India.