00:00Are you still involved in Bitcoin?
00:02The police will catch you and you'll go to jail.
00:04Who told you this?
00:06Crypto is legal, right?
00:07Terrorists are using cryptocurrency.
00:10Didn't you read the news article?
00:12A 60-year-old man in Delhi has been robbed of 31 lakh rupees.
00:17Robberies happen in homes too.
00:19Does that mean we should run away from home?
00:21Scams happen in UPI too.
00:23Do you even know anything about Bitcoin?
00:26My dad told me.
00:27It's all a scam.
00:28If you invest money, it will all go down the drain.
00:31What's the point of going to a place you don't know?
00:35Wait, look at this.
00:36Profit?
00:37So much profit?
00:38I read that Bitcoin has become half in 2024.
00:42Bitcoin hasn't become half.
00:43Bitcoin halving is different.
00:45Let me explain.
00:46That's why these people are here.
00:48Welcome to Nazariya's YouTube Nagariya.
01:00The topic we're going to talk about today
01:03either people run away from it
01:05or they swear by it.
01:07Bitcoin.
01:08Do you think it's the gold of the future
01:10or a risky gamble?
01:12What does it mean to own Bitcoin or BTC in India?
01:16And what's the relation between BTC and blockchain?
01:19In 2008, an unknown person or group
01:22published a white paper on Bitcoin
01:24under the name of Satoshi Nakamoto.
01:27This white paper introduced
01:29that it's a decentralized digital currency system
01:32which doesn't depend on any central authority.
01:35Bitcoin is a digital currency
01:37which is based on blockchain technology.
01:39Blockchain is a decentralized ledger
01:41which allows secure and transparent transactions.
01:45In simple words,
01:47this is a technology
01:49which is managed and maintained
01:51not by a central authority
01:53but by a few miners.
01:55Now you'll ask,
01:56who are these miners?
01:58Miners are those people
02:00who use their systems
02:02to dig and extract Bitcoin digitally.
02:04Or we can say,
02:05they solve some equations
02:07in which they get Bitcoin as a reward.
02:09An interesting aspect of Bitcoin is halving.
02:12A well-known news article of cryptocurrency
02:15explains that
02:17every 4 years,
02:19the mining reward halves
02:21which increases the scarcity of Bitcoin.
02:23This has a significant impact on the market as well.
02:26After every halving event,
02:28the price of Bitcoin goes up.
02:30Because it's decentralized,
02:32it can never be shut down.
02:34Whenever there's a Bitcoin transaction,
02:36it's recorded on the blockchain.
02:38And by entering the address of the wallet,
02:41you can find out about it.
02:43Blockchain is a technology
02:45which doesn't allow BTC to be copied like any other file.
02:48There are only 21 million Bitcoins in the world.
02:51And no one can change this.
02:53The security and transparency of Bitcoin
02:55is possible only because of the blockchain.
02:57So, the popularity of Bitcoin is increasing
03:00because the blockchain technology
03:02is so reliable and secure.
03:04And the limited availability of Bitcoin
03:06makes it more valuable.
03:08So, let's first look at the current scenario of Bitcoin.
03:10In 2024,
03:12the price of Bitcoin is around 30 lakhs.
03:15After a lot of fluctuations,
03:17Bitcoin has established itself
03:19as a significant asset.
03:21Now, let's compare
03:23the pros and cons of investing in Bitcoin.
03:26The price of Bitcoin has grown a lot over these years.
03:29But it's also important to remember
03:31that one day Bitcoin sky-highs
03:33and the next day it's sea-level low.
03:35This volatility is especially dangerous
03:37for those people
03:39who prefer digital investments.
03:41Bitcoin is a decentralized currency.
03:43It means no government or bank
03:45can control it.
03:47This is especially important in India
03:49where banking systems are still not that efficient.
03:51But on the other hand,
03:53the regulations in India are still not clear.
03:55Sometimes it feels like the government will ban it.
03:57Sometimes it feels like it will adopt it.
03:59When the value of a rupee falls,
04:01Bitcoin can remain stable.
04:03It's like gold.
04:05And the price of gold always goes up.
04:08If your wallet gets hacked,
04:10it can be a little difficult
04:12to recover your money.
04:14A lot of international markets and companies
04:16are accepting Bitcoin.
04:18So your investments can be global
04:20without any hassle.
04:22But a lot of people still don't know
04:24what Bitcoin and blockchain are.
04:26This lack of awareness is also a risk.
04:28Especially when your investments
04:30are complex like Bitcoin.
04:32Cryptocurrency laws and taxation in India
04:34are quite complex.
04:36In 2020, India introduced 30% tax
04:38plus 1% TDS
04:40on every transaction.
04:42These taxes make investing costly
04:44and can have a negative impact on adoption.
04:46In 2024,
04:48Indian investors will have to
04:50declare their crypto and NFT incomes.
04:52New 2023 rules say
04:54that if you hold crypto and NFT
04:56as an investment,
04:58it will be considered as capital gains.
05:00If you hold it for trading,
05:02it will be considered as business income.
05:04In the form of income tax returns,
05:06scheduled virtual digital assets
05:08i.e. VDA
05:10has been added
05:12for reporting gains from crypto
05:14and NFT.
05:16These were some important points
05:18that you should keep in mind
05:20before investing in Bitcoin.
05:22The 2024 market is dynamic
05:24and you will have to plan
05:26your investments accordingly.
05:28The next halving is in 2028.
05:30If you liked this video,
05:32don't forget to like, share and subscribe.
05:34And tell us in the comments
05:36what you think about Bitcoin.
05:38Are you invested in it?
05:40This was your friend Ashish Atre.
05:42Now I will meet you in my new episode.
05:44Till then, goodbye.
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