According to Rakesh Jhunjhunwala, Nifty50 can reach 90,000-1,00,000 levels by 2030.
In an interview, Rakesh Jhunjhunwala said that he will never invest in Bitcoin. He said that this digital currency should be banned.
- Last Updated:February 23, 2021 7:06 PM IS
In an interview to CNBC, Rakesh Jhunjhunwala said that he would never invest in bitcoin. He said that this digital currency should be banned. Significantly, the Central Government is also going to bring a bill banning private cryptocurrency in the current Parliament session. The government is preparing to bring its own digital currency through RBI.
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I will not buy even a bitcoin for $ 5: Jhunjhunwala
Jhunjhunwala said in the interview, “I will not buy even a bitcoin for $ 5. In other words, only the government has the right to launch currency. The fluctuation of 1-2 percent in the dollar is also news, whereas 10-15 percent of it The momentum keeps on coming. I would not like to invest in everything. You should invest in what you are interested in. I will never buy Cryptocurrency in my entire life. Cryptocurrency should be banned completely. “
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Nifty can touch one lakh level
Rakesh Jhunjhunwala said on the question of the current rise in the stock market that India may be shocked by the stock market boom. Market depth will depend on several sectors. People are underestimating the changes that are happening in India. He said that Nifty50 can reach the level of 90,000-1,00,000 by 2030. This means that Nifty50 can go up by about 580 percent from the current level. With this prediction by Big Bull, Dalal Street may once again change the economy. This is not the first time that Rakesh Jhunjhunwala has predicted so confidently. In 2014, Rakesh Jhunjhunwala said that Nifty can touch a level of 1,25,000 by 50 years 2030.