🇮🇳 India just slapped restrictions on silver imports.
Why? Oil prices are squeezing their forex reserves hard.
This is macro 101 — when a major economy starts rationing imports to protect reserves, it signals:
• Currency pressure building
• Capital controls tightening
• Potential spillover into crypto demand as locals hedge against rupee weakness
Watch INR/USD and local P2P premiums. When fiat gets squeezed, crypto becomes the escape valve.
India's got 700M+ internet users. If even 1% rotate into stables or BTC to preserve wealth, that's serious flow.