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.