IJRTBT: Implications of Cryptocurrency in India's Business

This report, published on Desklib, examines the implications of cryptocurrency, particularly Bitcoin, on the business landscape in India. It analyzes the current scenario of the cryptocurrency business in India, exploring the business prospects of Bitcoin and India's readiness for this new form of currency. The study utilizes statistical techniques to identify recent trends, including yearly return on investment ratios and the future scope of cryptocurrency business in India, with a specific focus on Bitcoin. A SWOT analysis is conducted to evaluate the overall working mechanism of this new business proposition within the Indian context. The report provides an overview of cryptocurrencies, their classification, creation, and the role of Bitcoin as a leading cryptocurrency. It also discusses Bitcoin exchanges in India, their services, and pricing volatility, along with a review of relevant literature and the research methodology employed. The findings include market capitalization trends and an analysis of the best-fitted trend lines for Bitcoin prices, offering valuable insights into the cryptocurrency business in India.