Will India Launch Bitcoin Reserve?

As the United States pushes forward to become the global leader in cryptocurrency, several other countries follow in its footsteps. Driven by new political interest and a global trend, India’s ruling party, the BJP, signals towards forming a Bitcoin Reserve. National spokesperson Pradeep Bhandari argued that India could benefit from adopting a BTC reserve. 

BJP Urges to Establish Bitcoin Reserve in India

Recently, Pradeep Bhandari, the spokesperson of the BJP, urged that India’s financial policies must evolve to adapt more flexible and innovative framework. This method will aim to bring financial growth and prosperity to the country, according to Bhandari. He stated– 

“India stands at a pivotal juncture. A measured Bitcoin strategy—perhaps a reserve pilot—could strengthen economic resilience and project modernity. As the US advances and nations like Bhutan adapt, India has a unique opportunity to lead.” 

Bhandari’s Argument for the Possibility of BTC Reserve in India

Bhandari points out several significant points that signal the possibility of a future Bitcoin reserve in India. 

Renewable Energy Capacity

• He noted that India has the full capability to mine Bitcoin, following Bhutan’s mining initiative. Bhutan mines Bitcoin, using hydropower, building a reserve exceeding $1billion by Q1 2025.

• Bhandari suggests that India could follow this framework, as India has even bigger renewable energy potential than Bhutan.

US Model

• Bhandari noted that the US benefited by launching its Bitcoin Reserve and now holds over $20 billion in value. India could benefit from a pilot reserve strategy based on the US model, he proposed.

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Urged India to Step Up

• While BRICS nationals and other countries are showing interest in crypto agendas, India still hesitates in the crypto space.

• Bhandari urged India to launch a Bitcoin reserve as it will help increase the global competition.

Support From Crypto Leaders For BTC Reserve

CoinDCX CEO, Sumit Gupta, thanked Bhandari for bringing this proposal of BTC reserve. He stated–

“For years, many of us in the industry have advocated that crypto is more than just a financial instrument; it’s geopolitical, economic, and strategic. Seeing our policymakers engage with this reality is both validating and encouraging!”

Final Note

While urging the nation to build a BTC reserve, Pradeep Bhandari ensures that this is not a reckless pivot but a calculated step to embrace digital assets. While crypto experts suggest India to test Bitcoin as a sovereign asset, the central question remains unanswered– Will India establish a Bitcoin reserve? After encountering multiple crypto updates, the possibility of a BTC reserve speaks volumes.

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