Growing adoption of bitcoin as a strategic reserve asset is prompting countries to reconsider BTC’s role in national economic planning, presenting India with a potential inflection point. Indian politician Pradeep Bhandari, who currently serves as a national spokesperson for the Bharatiya Janata Party (BJP), India’s ruling political party, stated in an article published by India Today on June 26 that India should evaluate the evolving position of bitcoin in global finance.

He emphasized the country’s opportunity for leadership in this area, stating:

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 referenced the U.S. Strategic Bitcoin Reserve, created in March, which is believed to hold up to 200,000 seized bitcoins, though that estimate is unofficial. Despite the uncertainty, states such as Texas are pursuing similar reserves, indicating increased interest in bitcoin as part of public financial planning. The federal government may also consider expanding bitcoin holdings without adding taxpayer costs. Legislative efforts in several states to establish public bitcoin reserves reflect growing institutional acceptance of digital assets as a hedge against economic instability.

Moreover, Bhandari suggested that India could follow Bhutan’s model, provided there is clear policy and regulatory guidance. Since 2021, Bhutan has used hydropower to mine bitcoin, accumulating a reserve valued at $1.3 billion, according to Arkham Intelligence. Initially launched to offset declining tourism revenue, the strategy has since supported public services and long-term sustainability.

As bitcoin gains global recognition from entities such as the International Monetary Fund (IMF) and the U.S. Securities and Exchange Commission (SEC), Bhandari urged India to consider a measured approach. He stressed:

Regulation remains pivotal. India’s crypto policy, taxed but unregulated, needs clarity to unlock potential.

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