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RBI Deputy Governor Criticizes Bitcoin as Speculative Asset, Compares to Tulip Mania

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RBI Deputy Governor T. Rabi Sankar called Bitcoin a speculative asset with no real value, comparing its surge to the 17th-century tulip mania. He warned of a potential bubble in Bitcoin news. Despite the skepticism, India’s crypto user base has crossed 100 million under 2022 tax rules. Traders are now turning their attention to altcoins to watch as the market evolves.
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