Bengaluru: As Donald Trump emerged the winner in the US elections early last month, the crypto market led by Bitcoin soared to euphoric heights, given the President-elect\u2019s support to the blockchain currency, with him even hinting at possibly creating a strategic reserve for bitcoin. That was before the US Federal Reserve\u2019s hawkish outlook on rate cuts presented last week. Reaction to that and profit-taking saw Bitcoin crash from a peak of $108,000 to $93,000, with other cryptocurrencies such as Ethereum, BNB, Solana, Dogecoin, and Cardano, too following suit. However, Sumit Gupta, co-founder and CEO of India\u2019s home-grown crypto trading platform, CoinDCX, remains optimistic about what 2025 holds for the sector. In a free-wheeling conversation with DH\u2019s Anushree Pratap, he spoke of not just the global scenario for crypto but also the challenges India poses to the virtual currency segment. Edited excepts:<\/p>\n","protected":false},"excerpt":{"rendered":"
Bengaluru: As Donald Trump emerged the winner in the US elections early last month, the crypto market led by Bitcoin soared to euphoric heights, given the President-elect\u2019s support to the blockchain currency, with him even hinting at possibly creating a strategic reserve for bitcoin. That was before the US Federal Reserve\u2019s hawkish outlook on rate cuts presented last week. Reaction to that and profit-taking saw Bitcoin crash from a peak of $108,000 to $93,000, with other cryptocurrencies such as Ethereum, BNB, Solana, Dogecoin, and Cardano, too following suit. However, Sumit Gupta, co-founder and CEO of India\u2019s home-grown crypto trading platform, […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,44,4],"tags":[],"class_list":["post-890326","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-it-2-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=890326"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890326\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}