As the United States pushes to become the global hub for cryptocurrency, many other countries are quickly following suit. Driven by new political interest and global trends, India's ruling party, BJP, has signaled a move towards establishing a Bitcoin Reserve Fund. The party spokesperson, Mr. Pradeep Bhandari, believes that India could benefit significantly from adopting a BTC reserve mechanism.
BJP Calls for the Establishment of a Bitcoin Reserve Fund in India
Recently, Mr. Pradeep Bhandari called for India's financial policy to be renewed in a more flexible and creative direction. The main goal is to stimulate economic growth and national prosperity. He emphasized:
"India is at a decisive moment. A sensible Bitcoin strategy — potentially a reserve fund pilot project — would enhance economic resilience and signify modernization. As the United States moves forward, along with Bhutan adopting the model, India has a unique opportunity to become a leader."
Reasons Bhandari Supports a Bitcoin Reserve Fund in India
Mr. Bhandari points out several key points indicating the potential for establishing a Bitcoin reserve fund in India in the near future.
Renewable Energy Potential
He notes that India could fully harness Bitcoin using renewable energy, similar to Bhutan — a country that has used hydroelectric power to mine BTC, building reserves exceeding $1 billion by Q1 2025.
India possesses even greater renewable energy potential than Bhutan, creating a significant competitive advantage in green mining.
The U.S. Model
He emphasizes that the United States has clearly benefited from establishing a Bitcoin reserve fund, currently holding a value of $20 billion. India could implement a trial based on this model to enhance its financial position.
Encouraging India to Move Forward
While BRICS countries and many others express positive interest in cryptocurrency, India remains cautious in this field.
Mr. Bhandari urges India to launch a Bitcoin reserve fund to enhance global competitiveness.
Support from Cryptocurrency Leaders for the Bitcoin Reserve Fund
The CEO of CoinDCX, Mr. Sumit Gupta, expressed gratitude to Bhandari for the proposal to establish a BTC reserve fund. He noted:
"For many years, we in the industry have always believed that cryptocurrency is not just a financial tool; it has profound geopolitical, economic, and strategic implications. The fact that policymakers are beginning to recognize this reality is an encouraging sign and a confirmation!"
Conclusion
While calling for the nation to build a Bitcoin reserve fund, Mr. Pradeep Bhandari asserts that this is not a reckless step but a calculated strategy to approach digital assets systematically. Cryptocurrency experts propose that India experiment with Bitcoin in the role of sovereign asset; however, the key question remains — Will India actually establish a Bitcoin reserve fund? With unpredictable movements in the global cryptocurrency landscape, this possibility is very worth considering.
Source: https://tintucbitcoin.com/an-do-co-ra-mat-bitcoin/
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