Posted By: Admin

On: October 29th 2017

Category: Entrepreneurship, Bitcoin, Finance

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UAE-Based Investors Reveal Outlook for Bitcoin Markets

Gulf News has published an interview it conducted with a number of UAE-based bitcoin investors. The interview reveals insight into the diverse avenues through which the investors entered the bitcoin markets, discusses what risks are perceived to be associated with bitcoin and cryptocurrency investments, and explores the expectations of investors for what bitcoin’s future may hold.

THE FEATURED INVESTORS PREDOMINANTLY COME FROM A BACKGROUND IN FINANCE

UAE-Based Investors Reveal Outlook for Bitcoin MarketsThe investors became involved with bitcoin through a variety of avenues, and include both veterans and new entrants into the cryptocurrency markets.

Dubai-based finance professional, Rohan Advani, states that he was first inspired to enter the bitcoin markets by his “son-in-law [who] was trading in bitcoins in Australia” earlier this year. Mr. Advani states that he first “purchased bitcoins in June, and [is] now sitting on decent money.” Mankesh Walia, a motivational speaker based in Sharjah, recounts having been “guided” by “somebody” in his decision to invest in bitcoin during its infancy. Mr. Walia states that he “invested in Bitcoin and… came out in profit of 90 per cent in 2011”, adding that “people who bought Bitcoins earlier are minting money.”

Henry Carvalho, a finance executive based in Abu Dhabi, states that he “followed bitcoin for few years before deciding that [bitcoin] is the future.” Mr. Advani predicts “a good future in it at least in the short-term” for bitcoin, adding, however, that “we may see a correction in the next 15 days or so. If liquidity permit[s] I will invest more.”

ALSO READ:

WHERE AND HOW DO I GET BITCOINS

WHERE AND HOW DO I SAVE MY BITCOINS AND CRYPTO CURRENCIES

WHAT DO I NEED TO KNOW TO START INVESTING IN BITCOINS AND CRYPTOCURRENCY

12 THINGS YOU SHOULD KNOW ABOUT BITCOINS

THE DANGERS OF BITCOIN

HOW DO I INVEST IN BITCOINS


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