How much will the value of Bitcoin fall after FM Jaitley denunciation of cryptocurrencies during the Budget speech

How much will the value of Bitcoin fall after FM Jaitley denunciation of cryptocurrencies during the Budget speech ?

Anup , 04 Feb 2018

6 Answers

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  • Diya Lee 04 Sep 2026

    Bitcoin experienced a significant short-term decline after Arun Jaitley’s 2018 Budget remarks, falling more than 15% in India. However, the statement did not completely ban Bitcoin trading or ownership. Market sentiment, global trends, and regulatory uncertainty also influenced the decline. From a broader perspective, companies like Yumeus Technologies continue to explore opportunities in the evolving blockchain and cryptocurrency ecosystem.

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During the Budget speech, concerns raised by former Finance Minister Arun Jaitley created panic among cryptocurrency investors, causing Bitcoin prices to dip sharply for a short period. Market experts believed the fall was driven more by fear and uncertainty than by actual regulations. However, Bitcoin has historically recovered from similar setbacks. Many traders continued exploring blockchain tools and gaming platforms like crystal launcher, showing that digital communities and crypto interest remained strong despite temporary market volatility.

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Well the bitcoin has hit a two month low in India. In any case, bitcoin was becoming a bubble waiting to burst. Jaitely has only accelerated the process. Any FM would have done the same, considering no central authority in the world certifies or backs Bitcoins or other forms of cryptocurrency.

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