TLDR:
BJP’s Bhandari urges India to adopt Bitcoin as a sovereign reserve asset.
U.S. reserve strategy under Trump cited as model for India to follow.
Bhutan’s Bitcoin mining success seen as proof of sustainable crypto policy.
India risks falling behind as global crypto reserve adoption gains momentum.
India may soon shift its approach to digital assets following remarks from Pradeep Bhandari, national spokesperson for the ruling Bharatiya Janata Party (BJP).
In an editorial and public statement, Bhandari suggested India should seriously consider Bitcoin as part of its strategic national reserves. His remarks come as countries like the U.S. and Bhutan integrate Bitcoin into their economic frameworks.
This development signals a growing interest in digital assets among global powers. India’s next move could reshape its role in the global crypto economy.
BJP Pushes for Bitcoin in National Strategy
Pradeep Bhandari, writing in India Today, emphasized the urgency for India to treat Bitcoin as more than a speculative asset. He pointed to the U.S. government’s Bitcoin Reserve, launched under President Trump in January 2025, now holding over $20 billion in value.
According to Bhandari, this move by the U.S. showcases Bitcoin’s role as a hedge against inflation and a long-term reserve asset. He added that India could benefit by exploring a pilot reserve strategy based on the U.S. model.
Bhandari also argued that Bitcoin’s decentralized design makes it an ideal fit for reserve diversification. He mentioned its fixed supply of 21 million coins and its liquidity as advantages over traditional assets like gold or fiat currencies.
US BitCoin Reserve signals a shift: An Opening for India 
My editorial on @IndiaToday https://t.co/R3hOIwxCaz#Bitcoin2025
— Pradeep Bhandari(प्रदीप भंडारी) (@pradip103) June 26, 2025
The digital nature of Bitcoin, he noted, offers India the chance to position itself as a tech-forward, Web3-supportive economy.
Bhutan’s Bitcoin Mining Cited as Regional Example
Bhandari also pointed to Bhutan’s ongoing BTC mining initiative as a potential framework India could follow.
Since 2021, Bhutan has mined Bitcoin using hydropower, building a reserve exceeding $1 billion by mid-2025. He noted that India’s renewable energy potential far exceeds Bhutan’s, suggesting that a sustainable Bitcoin strategy could be viable and impactful.
However, he cautioned that scale, regulation, and infrastructure would need to be addressed.
According to him, Bhutan’s approach illustrates how smaller nations can leverage Bitcoin to boost fiscal strength and fund public development. In his view, India could achieve similar results by creating a controlled policy framework that supports responsible mining and reserve accumulation.
Policy Reform Urged as Global Crypto Moves Accelerate
While India taxes crypto gains, its regulatory policy remains unclear.
Bhandari stressed the need for clarity, especially as countries like the U.S., Brazil, and China push forward with BTC strategies. During its G20 presidency, India helped form a crypto working group with the IMF, but local progress has been limited.
He highlighted that the IMF now classifies Bitcoin as a capital asset, increasing the urgency for India to update its legal and policy framework. With institutional investors showing rising interest and other BRICS nations advancing their crypto agendas, Bhandari urged India not to fall behind.
Bhandari underlined that BTC has matured into a credible store of value, citing its recognition by U.S. regulators and inclusion in state-level reserve policies. He noted that three U.S. states now allow public funds to be held in Bitcoin, suggesting a growing trend of formal adoption.
For India, the next step may involve testing Bitcoin as part of its sovereign reserves. Bhandari concluded that the time has come for India to act before others set the standard.
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