Abstract
Industry 4.0 is the current and developing environment which has led to the evergrowing use of disruptive technology in all areas of life, including finance and investment. Cryptocurrency appeared on the surface of capital markets in 2008, as one of the greatest innovations of our century. The study shows that cryptocurrencies have their own niche in payment systems; they are highly competitive and dependable financial instruments. The growth dynamics of cryptocurrency market capitalization in the world makes Bitcoin the most successful example of the use of virtual currency in the information economy. Our country’s economy should follow the path of innovation in finding solutions to a number of technical, economic and legal issues concerning the development of the cryptocurrency market in India through involving the experience of the leading countries. The study also assesses how the financial industry uses Cryptocurrency to enhance the efficiency and wealth of investors as the alternative for the traditional investment avenues. Cryptocurrency has an enormous propensity to improve an investor's risk-yield profile. The paper substantiates opportunities and perspectives for the development of the future of Indian cryptocurrency market.
Keywords: Cryptocurrency, Blockchain Technology, Investment, Financial Innovation, Information Economy.
