Multi-Entrepreneurial Businessman Mohit Devra finds Fulfilment in Crypto Currency.
“whatever has to happen will happen. We do not have to wait for karma to make good things happen”- Mohit Devra.
Mohit Devra is a multi-entrepreneurial businessman. Mohit did not amass his fortune overnight. To reach this far requires years of hard work, piece by piece. Mohit, like other students, questioned himself regularly while earning his degree in Jaipur. “What do you hope to achieve in life?”
“I always believed in luck, but I was more inclined towards karma,” Mohit explains. Even in the case of a lottery, I feel that the person who performs karma (sells tickets) gets more than the ticket purchasers who trust in luck when purchasing, even though 99.99% of them fail and just 0.001% win. But Karma will always allow us to triumph. “
He had failed a course in the previous semester of his college studies. Despite this, he did not give up and started working at his father’s manufacturing company. After a time, he began working on his ideas in 2015, but this did not pique his attention. He was convinced that there was something more significant for him out there. As a result, he began to travel and met with various overseas buyers, introducing them to his wares. He gradually began to cover the foreign markets. However, his spirit remained unsatisfied, and he needed to locate it.
In 2014 Mohit started from nothing. Today he has made more than in 8 figures now. He has an Information Technology business in Jaipur that services clients from the United Kingdom. He owns four raw glass and sanitaryware production factories, which he distributes to Indonesia, Vietnam, and the United States, as well as 20mm granite slabs. He started with $10,000 in bitcoin and now has over $1.5 million.
While travelling in the United Kingdom, Mohit came across a private firm trying to outsource a project to India. He enthusiastically took on the idea, and by 2016, he had established it in India. He wasn’t completely satisfied, but it made him happy.
The crypto currency era began in 2017. When bitcoin was about $1000 in April 2017, one of his clients advised him to buy into it, which he did with similar zeal. He initially invested $10,000 when Bitcoin was worth $1200. With luck on his side, he made a USD125k cryptocurrency return in 8 months.
This was when Mohit Para realised his spirit had found a home in cryptocurrency, which is where his heart was! In 2018, he gave over all his enterprises to his family and started learning more about Bitcoin. After ten months of study and investigation, he realised, “I realised Bitcoin is a never-ending project, and we are at the early adoption stage of the same.” And the price fluctuations, bitcoin’s halving of acceptance, demand, and supply are all constrained by math, which I was able to solve. “
By the end of 2018, he had nothing save some working firms handed to his family and 140k USD of cryptocurrency he was eager to invest in. This time was different from the others because Mohit knew when to invest, and timing is everything in investment. His research predicted when the market would fall and when it would need to be corrected.
And he was entirely right! Even during periods of market decline, his assets fared admirably. He also had the option of betting on USD 5000 per Bitcoin. He claims he was overconfident and ended up with USD 7,100. He now has 20 bitcoins as a result of this investment. He waited even though he had lost the investment opportunity. In May 2021, shortly after a year of halving, bitcoin was trading for more than USD 60,000. He struck a million-dollar bitcoin deal. Mohit intends to invest further in crypto assets and an Indian herbal enterprise.
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