Bitcoin is going parabolic and now we are very close to the milestone we were waiting for I.e. touching the $100K mark. A lot of people from India wanted to invest in Bitcoin but because of taxes, non friendly government as well as Very bad managed exchanges, people are shying away.
A lot of people lost their money in Vauld, WazirX and BitBNS(I was one of them), so keeping the money in the wallet is not safe. But for a small investors like us, investing in hardware wallet doesn't make sense and keeping in paper wallet is risky. So we always think of the middle ground, and that's why keeping it in the good exchanges like Binance makes sense.
But again a lot of people mostly in India is just don't want to invest because of the complexities and that's why investing in the Bitcoin ETF is recommended. When you invest in Bitcoin ETF you will get somewhat the same percentage of profit when directly investing in the Bitcoin along with that since it is regulated, your money will be safe to some extent.
As an Indian, you can invest in the US Market very easily through IndMoney app and thus you can invest in the Bitcoin ETF. When you are keeping it for long term say for example more than 24 months,the tax you have to pay is just 20% as opposed to 30% tax in Bitcoin and 1% TDS. So you will save upto 10% taxes in Bitcoin when you invest in Bitcoin ETF. And the best part is you can invest in small quantities and thus take advantage of the Dollar Cost Averaging. If someone would have started when the Bitcoin ETF first launched they could have easily got around 50% profit.
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