About 90 percent of my investment portfolio today is spread across various altcoins. My very first investment of Rs 1,000 in Bitcoin alone was recently worth around Rs 17,000 when Bitcoin hit the Rs 2,00,000 mark. I used it to buy a tiny sum of gold on the internet.

Today, you can buy real gold with Bitcoin on Vaultoro.com and store it in their secure vaults in Switzerland at a negligible fees charged on a monthly basis. It is deliverable legally in physical form in several countries. There are also services such as BTCJam and Kiva, which enable micro-lending and easy credit to anyone who wants to apply for a loan to start their business.

Cryptocurrency is portable. It has incredible potential to improve commerce across the globe, making it easier than ever before for anyone to trade across borders. It would be great to see the Indian government take the right step towards welcoming cryptocurrencies in our economy, as someday in the near future, I would love to pay my income taxes directly using Bitcoin, instead of a regular conversion to the Indian Rupee to do the same.