This is definitely one of the greatest achievements that I have finally succeeded to make my Dad invest in Cryptocurrency. It has been quite a long journey till this point but I am glad that my Father has finally joined the CLUB. First of all Indian Government is now charging 30 percent Taxes on Crypto Gains so that gives somewhat of a Legal Status to Crypto and that is the first reason I asked my Dad to Invest as now the Risk of getting his Bank Account Deactivated reduces dramatically. The second reason why I asked my Dad to Invest in Crypto is that I talked with some of my Tech Savvy Friends as well as Cousins and asked them if they have bought any Crypto but sadly 90 percent of them have not bought a Single INR worth of Crypto even though they all know about Cryptocurrencies. This led me to believe that it is still not too late for my Parents to Buy some Crypto and this is the exact pitch that convinced my Father to Invest a small amount in Crypto.
But since my Dad is almost at retirement age I suggested that he only invest a very Miniscule amount which came to be 6000 INR per month which is approximately around 75 USD per month. At first, I was looking to get all the amount into Bitcoin but later I decided to buy Bitcoin and Ethereum at a 70:30 Ratio. So my Dad will be buying Crypto daily and hopefully, in a couple of years this turns out to be a Corpus worthy of Retirement. I am really betting on the fact that there are still a lot of Individuals who know what Cryptocurrency is but are either scared or worried about the Future of Crypto in India. So when they start Investing we can definitely see a lot of Movement.