“Bitcoin’s growth in 2013 has accelerated tremendously, driven largely by economic concerns which bitcoin is uniquely positioned to solve. This has been evidenced so far this year by conditions in Cyprus, China and Argentina formerly/http://thegenesisblock.com/argentinas-share-of-global-bitcoin-downloads-triples-in-july-amid-inflation-and-capital-controls/, and has highlighted bitcoin’s potential in less developed nations likeKenya as well. All of the countries listed above are known for high inflation rates, strict capital controls, or a combination of both – a scenario that is beginning to unfold in India. This analysis will address India’s current economic climate and the factors that would affect the population’s propensity to adopt bitcoin on a large scale.”
