Indian Investors Are Comfortable With SIPs. Why Does Crypto Still Feel Too Complicated? Mudrex Co-Founder Weighs In
- Edul Patel sees the lack of knowledge as the main reason for Indians to turn away from crypto.
- Many Indian investors do not know about crypto tax rules and other compliances.
- This makes investors choose easily accessible options like SIPs and mutual funds.
In India, SIPs and mutual funds are becoming increasingly popular, but crypto continues to remain an alien. Many Indians still consider cryptocurrencies complicated and feel too overwhelmed to deal with them.
As Mudrex co-founder Edul Patel explained, this cautious stance towards crypto in India is basically a lack of knowledge. According to him, the problem is not that Indians don’t want crypto exposure; it is that they do not understand it enough to feel confident owning and trading digital assets.
Why Indians Still Feel Crypto Is Complicated?
Edul Patel, the co-founder of Mudrex, a prominent Indian-b…
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