Crypto users in India in the next 5 years: What to Expect?

未來 5 年印度的加密貨幣用戶：會發生什麼事？

It is expected that the number of crypto users in India will get bigger than all other big countries like the US, UK, Russia, and Japan this year. By the end of 2023, India is projected to have more than 20 million crypto users.

預計今年印度的加密貨幣用戶數量將超過美國、英國、俄羅斯和日本等所有其他大國。到 2023 年底，印度預計將擁有超過 2,000 萬加密貨幣用戶。

The prominent reason for this growth in India is that people are turning to cryptocurrencies as a better investment option since they find the traditional banking system to be inconsistent and non-profitable.

印度這種成長的主要原因是，人們發現傳統銀行系統不一致且無利可圖，因此加密貨幣作為更好的投資選擇。

As per data from the previous year, 45% of Indian crypto investors lie between the ages of 18 and 25, while 34% of users fall between the ages of 26 and 35.

根據去年的數據，45% 的印度加密貨幣投資者年齡在 18 至 25 歲之間，而 34% 的用戶年齡在 26 至 35 歲之間。

Setting the stage for the crypto market in India

為印度的加密貨幣市場奠定基礎

The crypto market in India is gradually taking shape, despite regulatory challenges.

儘管面臨監管挑戰，印度的加密貨幣市場正逐漸成形。

Once the government comes up with regulations on cryptocurrency, it will play a major role in shaping the future of cryptocurrencies in the country. This ongoing journey promises to bring both opportunities and uncertainties to the Indian crypto market.

一旦政府推出有關加密貨幣的法規，它將在塑造該國加密貨幣的未來方面發揮重要作用。這段持續的旅程有望為印度加密貨幣市場帶來機會和不確定性。

Despite the non-supportive role played by the Indian government, more than 15 million users in India are investing in cryptocurrencies.

儘管印度政府沒有發揮支持作用，但印度仍有超過 1500 萬用戶正在投資加密貨幣。

Key statistics and trends

主要統計數據和趨勢

The revenue in the crypto market is expected to reach $222.7 million, roughly, in 2023. Bitcoin is the most popular cryptocurrency in India, with around 12.12% of investment going towards it.

預計到 2023 年，加密貨幣市場的收入將達到約 2.227 億美元。比特幣是印度最受歡迎的加密貨幣，約 12.12% 的投資流向比特幣。

After Bitcoin, people also invest in DOGE (11.54%), Ethereum (9.43%), Shiba Inu (6.92%), and Polygon (4.3%). It's worth noting that Dogecoin and Shiba Inu are meme coins that are influenced by internet jokes, and they tend to stay more volatile than others.

繼比特幣之後，人們還投資了 DOGE (11.54%)、以太坊 (9.43%)、柴犬 (6.92%) 和 Polygon (4.3%)。值得注意的是，狗狗幣和柴犬是受網路笑話影響的迷因幣，它們往往比其他幣更不穩定。

The Phenomenal Growth of Crypto Enthusiasts in India

印度加密貨幣愛好者的驚人成長

As per some reports, the crypto community in India experienced a remarkable fourfold surge between 2017 and 2020, catapulting the user base from 4.8 million to an impressive 17.8 million. There has been a terrific rise in crypto users of more than 760% between 2017 and 2022.

根據一些報告，印度的加密貨幣社群在 2017 年至 2020 年間經歷了四倍的驚人成長，用戶群從 480 萬激增至令人印象深刻的 1,780 萬。 2017 年至 2022 年間，加密貨幣用戶大幅成長超過 760%。

In the wake of the COVID-19 pandemic, an astonishing 60 million Indians ventured into the world of cryptocurrencies between 2020 and 2021, propelling the total number of users to a staggering 77.6 million.

在 COVID-19 大流行之後，2020 年至 2021 年間，驚人的 6,000 萬印度人進入了加密貨幣世界，使用戶總數達到了驚人的 7,760 萬。

In the span of 2023 to 2027, a projected surge of nearly 60% is anticipated, pushing the user count to an estimated 50 million.

2023 年至 2027 年期間，預計將激增近 60%，用戶數量預計將達到 5,000 萬人。

The user penetration will be around 14.52% in 2023, and it is expected to rise to 22.37% in 2027.

2023年用戶滲透率將在14.52%左右，預計2027年將上升至22.37%。

The most followed crypto is Bitcoin, and here’s how Bitcoin performed in the past five years. Over the past five years, we have seen some remarkable fluctuations in Bitcoin’s price. Starting at $3,709.4 in 2018, it surged to $7,196.4 in 2019, then skyrocketed to $28,949.4 in 2020. 2021 witnessed a peak at $46,219.5, but in 2022, it corrected to $16,537.4. As of now, in 2023, it hovers around $35,228.3, illustrating Bitcoin's volatile yet potentially rewarding journey.

最受關注的加密貨幣是比特幣，以下是比特幣在過去五年的表現。在過去的五年裡，我們看到了比特幣價格的一些顯著波動。從2018年的3,709.4美元開始，2019年飆升至7,196.4美元，然後在2020年飆升至28,949.4美元。2021年達到峰值46,219.5美元，但在2022年修正至16,537.4美元。截至目前，到 2023 年，比特幣價格徘徊在 35,228.3 美元左右，這說明了比特幣的波動性但潛在回報的旅程。

Analyzing the Overlap and Distinctiveness of DEMAT and Crypto Users in India

分析印度 DEMAT 和加密用戶的重疊和獨特性

The count of demat accounts in India has surged to 12.7 crore, which is a substantial increase of 26 percent. This growth can be attributed to the enticing returns offered by the equity markets and the simplified account opening procedure.

印度的 demat 帳戶數量已飆升至 1.27 億盧比，大幅增加了 26%。這種成長可歸因於股票市場提供的誘人回報和簡化的開戶程序。

Over the past five years, the total number of Demat (DMAT) accounts in India has witnessed a remarkable upward trajectory. In 2018, there were 359 lakh accounts, which saw a substantial increase to 409 lakh in 2019.

過去五年，印度 Demat (DMAT) 帳戶總數出現顯著上升趨勢。 2018 年，帳戶數量為 3.59 億，2019 年大幅增加至 4.09 億。

The year 2020 marked an even more significant surge, with the number of accounts reaching 551 lakh, driven by growing interest in stock market investments. In 2021, there was a noteworthy spike to 738 lakh accounts as investors continued to flock to the equity markets.

2020 年，在股市投資興趣日益濃厚的推動下，帳戶數量達到了 5.51 億個。 2021 年，隨著投資者繼續湧向股市，帳戶數量顯著飆升至 7.38 億個。

However, in 2022, there was a noticeable dip to 101 lakh, possibly reflecting a period of consolidation. As of 2023, the trend has resumed its upward trajectory, with the total number of DEMAT accounts standing at 126 lakh, underscoring the enduring popularity of stock market participation in India.

然而，到 2022 年，這一數字明顯下降至 1,010 萬盧比，這可能反映了一段整合時期。截至 2023 年，這一趨勢已恢復上升趨勢，DEMAT 帳戶總數達到 1.26 億，凸顯了印度股市參與的持久受歡迎程度。

However, most DEMAT account holders invest in the stock market for the long run to get prominent returns. Investors are often advised to go for a long-term approach in the stock market due to the stable return and potential for wealth accumulation over time.

然而，大多數 DEMAT 帳戶持有人長期投資股票市場以獲得顯著的回報。由於穩定的回報和隨著時間的推移積累財富的潛力，投資者通常被建議在股票市場上採取長期投資策略。

On the other hand, crypto market volatility demands different strategies; it can yield substantial returns and is also prone to sudden downturns.

另一方面，加密貨幣市場的波動需要不同的策略；它可以產生可觀的回報，但也容易突然下滑。

Understanding the crypto market's volatility and how you can build a fortune overnight

了解加密貨幣市場的波動性以及如何一夜致富

The volatility of the crypto market distinguishes it from other traditional financial markets. Investors have to face different consequences due to the sudden price fluctuations. However, this instability also presents the opportunity for substantial gains.

加密貨幣市場的波動性使其有別於其他傳統金融市場。由於價格的突然波動，投資者不得不面對不同的後果。然而，這種不穩定性也帶來了大幅收益的機會。

For those willing to embrace the risks associated with crypto market volatility, there are opportunities to build a fortune relatively quickly. Some investors have achieved overnight success through strategies like day trading, where they capitalize on short-term price movements by buying low and selling high within the same day.

對於那些願意承擔與加密貨幣市場波動相關的風險的人來說，有機會相對快速地累積財富。一些投資者透過日內交易等策略一夜致富，他們透過在同一天內低買高賣來利用短期價格波動。

Others have benefited from the initial coin offerings (ICOs) of new cryptocurrencies, participating early in promising projects that later skyrocketed in value.

其他人則從新加密貨幣的首次代幣發行（ICO）中受益，早期參與了有前途的項目，這些項目後來價值飆升。

Legal and regulatory compliance could pose obstacles

法律和監管合規可能會造成障礙

It is expected that the user base could rise to 50 million in India by 2027. But it never seems straightforward because of the unclear actions of the Indian government in the crypto industry.

預計到 2027 年，印度的用戶群可能會增加到 5,000 萬人。但由於印度政府在加密產業的行動不明確，這似乎從來都不是一件容易的事。

India has already imposed a 30% tax and 1% TDS on crypto gains, which is having a massive impact on crypto users. Crypto adoption is accelerating, and the government can impose strict regulations, which may hinder user growth.

印度已經對加密收益徵收 30% 的稅和 1% TDS，這對加密用戶產生了巨大影響。加密貨幣的採用正在加速，政府可以實施嚴格的監管，這可能會阻礙用戶的成長。

With the quick adoption of cryptocurrencies, risks, and scams are also rising. They are creating a big hassle for users to invest in crypto because there are no laws and regulations in India to address security concerns.

隨著加密貨幣的快速採用，風險和詐騙也在增加。他們給用戶投資加密貨幣帶來了很大的麻煩，因為印度沒有法律和法規來解決安全問題。

In the future, the growth of the cryptocurrency user base will also depend on how soon the Indian government can enact appropriate laws for user protection.

未來，加密貨幣用戶群的成長也將取決於印度政府多久能夠頒布適當的用戶保護法律。

Conclusion

結論

Apart from all this information, numerous factors are responsible for impacting the number of total crypto users. Recently, India, under the leadership of the G20, submitted an article where some issues like crypto regulations were discussed. Such developments can make India the world leader in the crypto space.

除了所有這些資訊之外，還有許多因素會影響加密貨幣用戶總數。最近，印度在G20的領導下提交了一篇文章，討論了加密貨幣監管等問題。這些發展可以使印度成為加密貨幣領域的世界領導者。

It is expected that the Indian government could implement crypto regulations in the country, which could be a positive sign for the country’s crypto investors.

預計印度政府可能會在該國實施加密貨幣法規，這對該國的加密貨幣投資者來說可能是一個積極的信號。

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