Bitcoin a careful design of bubble or legit currency: Analysis based on indian economy

Abstract

This paper sets outs a brief discussion about the bitcoin being a bubble or legit currency on Indian economy. The study was mainly focused on the impact of bitcoin and legit currency in the Indian economy and also the major factors that leads the currency to the growth of the economy The Indian merchant’s uses bitcoin transaction for the purchases and sale of goods and services. Few people states that bitcoin is not bubble but a corruption of real currencies. The sudden rise of bitcoin, and the bitcoin market, has examined the currency as a furor, a bubble, or a scam. Critics also states that there is an absence of central bank advocacy that’s makes bitcoin a pointless, that shows an absence of considerate about how currency work in the bitcoin market. The study is mainly focused on Indian economy as whole.