After India’s sudden radical economic changes in the past two years, many have asked, “Why should we have any faith in its currency?” Why does India need to have a crypto-friendly economy? Perhaps, it is because of its rapidly growing population that is going to grow to 1.3 billion by 2030. In a country where the adult population has a median age of 24, a growing population and a technology-savvy population, it is natural that India will need to have a crypto-economy.
A few days ago in a tweet, billionaire investor and philanthropist Elon Musk said “I think there will be a strong case for Bitcoin (BTC) in India”, further adding “It’s a good idea to teach people about cryptocurrency”. This last bit of news has sparked speculation about whether Musk is working on his own cryptocurrency, or if he is merely fond of the idea, and is not thinking of launching his own coin.
The co-founder of PayPal has been a vocal supporter of Bitcoin, and he even gave a speech in India in which he said that Bitcoin could be the next best currency to replace fiat currencies in the country.. Read more about tesla bitcoin price and let us know what you think.
Whatever Elon Musk tweets about quickly becomes breaking news! And, by all means, connect them to the crypto business! That is, at least, what minimalist brains across the globe believe! Despite this, Elon Musk’s recent Twitter response to a query from an Indian YouTuber has sparked a discussion over Bitcoin (BTC) legality in India.
Elon Musk’s witty reply
Madan Gowri, an Indian YouTuber, recently sent a Tweet on his own Twitter profile, naming Elon Musk in it.
Madan Gowri is a well-known figure from Southern India who came to prominence because to his YouTube vlogs. His YouTube channel, which also goes by the same name, is believed to have 5.14 million followers so far.
The YouTuber confesses to being enthralled with Tesla’s goods and automobiles. As a result, he tweets about it, naming Tesla CEO Elon Musk.
In addition, in response to the tweet, he asks Elon Musk when his Tesla vehicles would be available in India. In addition, he asks Musk to deploy them in India as quickly as possible.
Elon Musk’s apparent response to Madan Gowri’s tweet astonished the whole nation. Elon Musk said, “Obviously, Tesla wants to launch their vehicles in India.” However, he says, the export taxes are too high for such a big nation.
Musk, on the other hand, cynically mocks the fact that in India, all green cars are treated the same as petrol and diesel automobiles.
As a result, Musk slams India, claiming that this is due to the country’s utter failure to comprehend the effects of climate change.
BTC as depicted by Musk for India
Elon Musk’s outlandish statements have undoubtedly sparked a flurry of conjecture. One such example is the legalization of Bitcoin (BTC) in India.
Contrary to popular belief, cryptocurrency and Bitcoin legalization in India is a critical element in Elon Musk’s plans to introduce Tesla vehicles to India.
Furthermore, if Musk is adamant about bringing Tesla to India, there would undoubtedly be direct or indirect effects and inputs from his end on the legalization law, which is currently pending in Indian courts.
Furthermore, only when India legalizes Bitcoin will we hear more from Musk about Tesla in India.
The scourging responses, on the other hand, make it clear that Musk has no intentions to bring Tesla to India at this time.
Regardless, some sources in India’s automotive sector claim that Tesla would most likely debut in the country before the end of the year.
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Last year, Indian cryptocurrency crusader Rakesh Sharma launched MobiKwik, a mobile payments platform that now has over 80 million customers and is expanding to other countries. This week, his next enterprise, the MobiKwik Foundation, announced a partnership with the much-mocked (by many) Flint Hills Resources (FHR) to create a Bitcoin-based mobile payments system in India.. Read more about elon musk bitcoin tweet and let us know what you think.
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