Wealthiest Indians ditching gold and stocks, buying Ethereum & Bitcoin: Report
The wealthiest Indians are now ditching investments in gold and stocks and instead buying crypto, particularly Ethereum and Bitcoin, Moneycontrol reported. CoinDCX saw HNIs' average trade sizes, which was about ₹5 lakh/trade in June, increase by about 25-30% in July. Meanwhile, retail investors are also turning more towards crypto, with CoinSwitch seeing a 3x rise in daily average trading.