Largest Indian News Network: Bitcoin Will Reach US$10,000

Zee News is one of the largest Indian news networks with over 150 million average viewers. Recently it featured a full segment on Bitcoin with regards to its price projection, potential and global use cases. Zee News Business Head and Senior Editor Sudhir Chaudhary hinted that Bitcoin could reach $10,000 in value, considering the rising demand for the cryptocurrency.
During a live show broadcasted to millions of active viewers, Chaudhary described Bitcoin as ‘the world’s most valuable currency,’ and stated that the Zee News network decided to launch a complete segment on Bitcoin to discuss about the Indian government’s recent seizure of a Bitcoin exchange.
Chaudhary said:
‘We’re also making this segment because an Indian agency is trying to freeze a Bitcoin exchange. Drug sellers are using Bitcoin, and a division of the Indian government, the Narcotics Control Bureau, has seized 500 Bitcoins. As one bitcoin is 45k rupees, the amount frozen is around 2 crores and 25 lakhs.’

This post was published at Coin Telegraph on 2016-10-30.