Indian enterprise tycoon Anand Mahindra clarified about his funding in cryptocurrency, stating that he has “not invested a single rupee in cryptocurrency.”
The chairman of Mahindra & Mahindra group expressed shock and shared screenshots of a information report, which alleged that Mahindra, in a latest interview with a TV channel, mentioned his number-one money-maker is a cryptocurrency platform referred to as Bitcoin Period. “It’s the one greatest alternative I’ve seen in my whole lifetime to construct a small fortune quick,” the article quoted Mahindra as saying.
Additional, the information report claimed that the enterprise tycoon has urged everybody to take a look at the platform “earlier than banks shut it down”.
This might be extremely amusing if it wasn’t so unethical &, in truth, harmful. Somebody noticed this on-line & alerted me. I must make individuals conscious that that is utterly fabricated & fraudulent. Takes pretend information to a brand new stage. Satirically, I’ve not invested a single rupee in cryptos pic.twitter.com/cfWRDY1J88
— anand mahindra (@anandmahindra) November 19, 2021
Calling the article “utterly fabricated & fraudulent” Mahindra mentioned it took “pretend information to a brand new stage”. “Satirically, I’ve not invested a single rupee in cryptos,” he added within the tweet.
This isn’t the primary time Mahindra has referred to as out “pretend information” objects. Earlier in September as effectively, Mahindra shared a put up which claimed that he really useful a “obligatory” inventory market buying and selling course in center faculty schooling. “I’m flattered that some imagine my statements are quotable & I’ve all the time believed within the energy of social media to democratise data & share information. However the draw back is wrongly attributed quotes! I’ll do my greatest to name them out at any time when doable…,” he had mentioned.
Final week, Apple CEO Tim Cook, revealed that he’s a crypto investor and holds digital cash. Cook dinner was answering Andrew Ross Sorkin, who was internet hosting the New York Instances’ two-day on-line summit. The Apple CEO shared his ideas on the recent subject of cryptocurrencies similar to Bitcoin.
In the meantime, Indian Prime Minister Modi called on all democratic nations to make sure that cryptocurrency doesn’t find yourself within the flawed palms and spoil the youth whereas talking on the Sydney Dialogue. The PM mentioned in his speech, “However we additionally face new dangers and new types of battle throughout numerous threats, from sea-bed to cyber to house. Expertise has already develop into a serious instrument of world competitors and key to shaping the long run worldwide order.”
India ranks second when it comes to crypto adoption worldwide behind Vietnam, however forward of nations such because the US, UK, and China, in line with the 2021 International Crypto Adoption Index by blockchain knowledge platform Chainalysis.
Disclaimer: Cryptocurrency is an unregulated house and digital currencies will not be backed by any sovereign authority. Investing in cryptocurrency comes with market dangers. This text doesn’t declare to supply any type of monetary recommendation for buying and selling or shopping for cryptocurrency.