Turn in US Fed interest rate cycle could drive Bitcoin rally forward
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned that uncertainty around cryptocurrency will continue until it comes under regulatory oversight, and pointed out that thin trading exposes investors to pump-and-dump schemes and, in a crackdown, total loss.
More of Abhishek's views on saving and deposits
Business Standard examines the 2023 revival in Bitcoin prices, linking it to expectations that the US Federal Reserve would end its rate hikes and to the coming halving event. The piece also covers regulatory risks, tax rules for virtual digital assets in India, and why those quoted favour limited, staggered exposure.
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Turn in US Fed interest rate cycle could drive Bitcoin rally forward