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International Journal of Management, IT and Engineering
Year : 2019, Volume : 9, Issue : 6
First page : ( 265) Last page : ( 277)
Online ISSN : 2249-0558.

Hype around Bitcoin: Awareness and Prospective in India

Agarwal Shikha*, Arora Rakhi**

*Assistant Professor, School of Business and Management, Jaipur National University, Rajasthan

**Assistant Professor, University School of Management, Chandigarh University, Punjab

Online published on 24 October, 2019.


After demonetization, the emphasis was given on cashless economy by the Government of India. Keeping in view the concept of cashless economy, importance of Crypto currency can not be denied. Crypto currency (CC) is a virtual currency and it works as a medium of exchange by using cryptography for security. It comprises diverse currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Neo (NEO), Stellar Lumens (XLM) and so on. Many countries like Canada, Australia, Bulgaria, Chile, Denmark, Estonia, Finland, Germany and Luxembourg have adopted Bitcoin in order to moving towards a digital eco-system. The research was conducted to find out the awareness, perception and understanding about the functioning of bitcoin among individuals. This paper is all about awareness of bitcoin amongst Individuals and prospective if allowed by the Government of India.



Crypto currency, Demonetization, Bitcoin, Economy and Virtual currency.


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