In India, the debate around cryptocurrency often centers on one key question: Is crypto a form of investment or is it a gamble? Many financial experts and regulators in the country argue the latter. The extreme price volatility, lack of underlying intrinsic value, and speculative nature of most cryptocurrencies make them resemble gambling more than a traditional asset class like stocks or bonds. 
Unlike regulated markets, the crypto space in India operates with limited investor protection. There is no central authority to guarantee safety or recover losses. Stories of individuals losing significant savings in a market crash are common, highlighting the high-risk, high-reward scenario that is characteristic of gambling.
Therefore, for the average Indian saver, approaching crypto requires the same caution as approaching a casino. It should only involve disposable income that one is prepared to lose entirely. |
