entered into an absolutely new financial yours and is that really creating an impact on the market? Will ask our expert for bad. Well, just tell you how markets are really doing now. There you have Bitcoin and we have two different parameters. Your last 24 hours and last seven days as well and I I would go by last seven days and most of these are in green. We're talking a Bitcoin, a Serie um te tha BNB, USC, Quinn and Solana as well. And now let's give you top gainers and top losers of the market and in gainers you have digital fitness. Then you have move GMT v New and Israel. And on the other hand, let's also take a quick look at the top losers in the last week. And there you have jam MTs am BX mice and D. Now let's go across to our guests who are joining us at the moment. This Ishara Chandra weepy research and strategy Earth I'd, which is a global decentralised, self sovereign identity management platform. A very warm welcome. Sharad, we're discussing markets and markets have been in the green and rallying in the last week in fact, Bitcoin even touched its highest of 2022 highest in the last three months. But today market's tanked again. And this on a day when India rules are new tax regime for crypto currency. Do you see markets get better for India as we enter into the new financial year? At this point in time, it's difficult to say that given the global had means right of inflation, high interest rates, so of the markets you perform going forward. But there's a broader shit and way Investors are looking at markets no, given the new tax regulation, which has staked in from today at night. So investors are looking at having a long term view so they will shift towards making investments like Sit right. So couple of complexion is they have rolled out products where can make smaller investments, something on the lines of which also gives investors the benefit of compounding right outside. A broader ship in way investment will be done by investors. That's one particular, a major point. Essentially, of course, there are global factors at play when we talk about crypto markets, but you know this is an absolute new financial year in new tax regime has come into play here in our country. And I was reading few reports which said that several crypt to investors or traders are actually taking a break for yours, because what they've done is they've taken their money out before this year ended, and now they want to take a pause. Will that impact in the short term? Yes, because a couple of exchanges they also reported massive sell offs a couple of days ago, just before the financial area Indian. But it will also get more investors in. We could work trying outcome for for the first time they can assess head right. Maybe they can start investing. It's more amount three sips. So that's 11 way to look at it as but but the entire mean. Of course, it's again. You can't say this, but let's say for a for a longer term for this year, how is it really looking for you in India? I mean, do see people are being encouraged or do see a bit of hesitance there in the crypt investors. So there's a lot of scepticism as far as the new tax is concerned. The TVs we lock a significant amount of money even for market makers. Right? So so hasn't meant that kicks in from July onwards strike if if the community can engage with the government and regulators as well, and if this part can be rationalised 0.1%. That's what the industry saying India in as a consensus voice, right? So I think once that happens that people will start moving into this view ASAP. She has to be rationalised. Sure a menace and you can't see. I meant like you can't predict because it's quite a long period there. But thank it's over rivers for talking to us, Mr Sandra.
