by aria-ratings.com
June 26, 2025 at 13:35
India's Potential Move Towards a Bitcoin Reserve
India is considering the establishment of a Bitcoin reserve, a move spurred by the ruling BJP's emerging interest in the cryptocurrency space.
National spokesperson Pradeep Bhandari has advocated for the adoption of a Bitcoin reserve, suggesting it could enhance India's economic resilience.
Bhandari emphasized that with India’s vast renewable energy potential, it could follow Bhutan's successful Bitcoin mining model, which uses hydropower efficiently.
He highlighted that the United States has reaped significant benefits from its Bitcoin reserve, currently valued at over $20 billion, making it a viable model for India.
The call for a BTC reserve comes amid India’s hesitance to fully embrace cryptocurrency, positioning the country at a crossroads in its financial evolution.
Support from industry leaders, like CoinDCX's CEO Sumit Gupta, reinforces the proposal as a strategic move beyond financial speculation to a broader geopolitical stance.
Bhandari clarified that the push for a Bitcoin reserve is a carefully considered step, not a reckless venture into digital assets.
Despite the encouraging discourse, the fundamental question remains: Will India indeed establish a Bitcoin reserve?
As global competition intensifies, India's decision could significantly influence its standing in the cryptocurrency arena.
The possibility of a Bitcoin reserve reflects the dynamic shifts in India’s financial policies as it seeks to balance innovation with caution.
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