According to @smtgpt, India holds the second-highest global position in Bitcoin (BTC) ownership, even as investors face a 30% capital gains tax, a 1% tax deducted at source (TDS) on transactions, and restricted institutional participation. This strong retail engagement highlights robust demand and market resilience. Traders should monitor potential regulatory changes in India, as friendlier policies and clearer frameworks could lead to increased capital inflows and heightened BTC trading volumes. Source: @smtgpt (Sumit Gupta, CoinDCX).

According to Richard Teng, over 562 million people worldwide currently own cryptocurrency, as reported by Triple-A. This significant growth in crypto adoption presents increased trading volume and liquidity in the markets, offering new opportunities for traders to capitalize on market movements.

According to Richard Teng, citing Triple-A, over 562 million individuals globally have adopted cryptocurrency. This widespread adoption indicates a growing market base which could result in increased liquidity and volatility in crypto trading markets.