India’s cryptocurrency sector is gaining political attention after CoinDCX CEO Sumit Gupta praised the Bharatiya Janata Party (BJP) and its spokesperson, Shri Pradeep Bhandari, for highlighting Bitcoin’s strategic value. This public endorsement comes as the BJP begins to bring digital asset discussions into the national spotlight.
According to Gupta, Bhandari’s recent article shows a noticeable shift in how policymakers view Bitcoin. He pointed out that Bhandari mentioned that the United States has over 200,000 BTC, which are positioned as national reserves and not merely a digital currency. According to Gupta, this acceptance is the milestone in crypto in India.
The stance by Bhandari, as described in the article, indicates the broader embrace of Bitcoin as an alternative to a financial asset. It shows that the leadership in India is increasingly realizing the potential of digital currencies as a means of economic and strategic power. Gupta recognized such a step as beneficial to the Indian digital future.
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In addition to bringing forth the global trends, the CoinDCX chief also noted how the US has brought comfort to regulations by approving spot Bitcoin-based ETFs. This move has created the opportunity to have institutional investors, and per Gupta, it is an indication of the extent to which institutions in developed countries are taking advantage of the phenomenon of crypto assets.
Gupta’s reaction was not just an appreciation of Bhandari’s opinion but a matter of wider action. He called on the Indian leaders to remain in favor of blockchain innovation and not miss the wave toward Web 3.0. He pointed out that India was a latecomer to the earlier internet revolutions but is not precluded from playing a role in future internet revolutions.
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Gupta stressed that this kind of policy interest is crucial if India wants to remain globally competitive. He noted that recognizing Bitcoin’s strategic nature could push India to take a more defined stance on crypto regulation. With political backing, Gupta believes the sector can thrive under the proper oversight.
He further reaffirmed that Bitcoin is not only an investment asset but should also be regarded as a geopolitical weapon. This opinion is in line with the expanding global belief that cryptocurrencies are strategically valuable in the long run. India’s engagement in this space, therefore, could shape how it positions itself in the global tech economy.
Recognizing the BJP’s role in the discussions of crypto, Gupta will attempt to enhance partnerships between the private sector leaders and government officials. This would open the door to a more balanced policy that promotes innovation but does not sacrifice security or compliance.
India’s ruling party’s endorsement of Bitcoin is being hailed as a major step forward. Gupta’s response indicates that such political engagement could reshape the country’s digital future. The message is clear—India has an opportunity to lead, and the time to act is now.
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