Craziest thing about this isn't that India adopted but rather what that news didn't do to the price. I remember back in 2013 when every day it was seemingly:
- Woo-hoo! China's In! Moon! ... Cue price rise to $1K plus
- Oh noes... China's Out! Bitcoin is dead! ... Cue price fall below $300-400
India is HUGE news because it brings a population of 1 billion plus people to Bitcoin. If every citizen wanted to grab some Bitcoin, and I know its a ridiculous thought experiment, each could only get 0.021 equally.
So IMHO, this is very Bullish news for not just Bitcoin, but cryptocurrency in general. I just am shocked we didn't see some spikes today because of this news.
RE: Bitcoin officialy Legal in India!