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The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of precious metal. In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis. That’s despite outright hostility toward the asset class from the central bank and a proposed trading ban. Strategists flag near-term risks for Bitcoin price outlook Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin looks to consolidate above the $30,000 level. The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection.Trade-in Cryptocurrency @ 0% Trading Fees:- Signup Now!Coupon for FREE Cryptocurrency to be used -: "BUYUCOINFREEBTC" to Claim 100 INR worth of free Bitcoin, Ethereum, and Chainlink on signup.