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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Trump's move to create a BTC reserve might make crypto lucrative, but should you fall for the hype, and ignore regulatory confusion?
Donald Trump to create a “strategic Bitcoin reserve and digital assets stockpile” has sent the crypto enthusiasts in India into a tizzy. Hoping to cash in on what they believe could be the next big rally, they have led a surge in trading volumes, with CoinDCX reporting a 36% hike and Mudrex registering a 30% spike.
While the reserve will only include Bitcoin, already owned by the US government, not acquired or actively bought, the digital asset stockpile will consist of tokens other than the Bitcoin—Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA), which will also not be acquired. The announcement is significant because it’s the first time that Bitcoin has been recognised as a reserve asset of the US government.
“This sends a powerful message to the world about how blockchain and digital assets are becoming mainstream,” says Sumit Gupta, co-founder of CoinDCX. Agrees Edul Patel, Co-founder of Mudrex: “There is a strong future for crypto and Bitcoin globally, not just in the US.”
Chase hype, pay the price
Cryptocurrency is a sentiment-driven market, and its volatile nature is no secret. In fact, Trump’s earlier promise of such a reserve and ease of regulation had seen the token surge to an all-time high of $109,071.8 in January.
While his recent announcement has again fuelled the sentiments, over the years, such bold statements have been used by influential names to sway the market. This event may not be any different. If such a reserve and stockpile are built, there could be a sharp rise in the prices
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
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Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
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markets
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
markets
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
Subscribe to enjoy similar stories.Foreign investors have spent much of this year cutting exposure to Indian equities, diverting some capital to Taiwan and South Korea amid an AI-driven rally and robust semiconductor earnings. However, recent selling in those East Asian markets has brought the conversation surrounding foreign flows back to India.According to Bloomberg data, Foreign portfolio investors have pulled nearly $23.4 billion from Indian equitiesso far this year, driven by stretched valuations, rupee weakness and softer earnings growth expectations.
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PI Industries’ weak core business keeps investors on edge
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
