Bitcoin News Today: Zerodha Founder's 2026 Crypto Rethink Sparks Market Curiosity in India

Indian billionaire Nikhil Kamath, founder of Zerodha, has hinted at a possible Bitcoin exposure by 2026, despite not holding any cryptocurrency at present. The comments, made in a discussion with CoinDCX CEO Sumit Gupta, surprised investors who have long known Kamath for his cautious stance on digital assets. While he admitted limited understanding of crypto mechanics, he emphasized ongoing engagement with blockchain leaders as a learning tool.

Kamath outlined his decision to avoid cryptocurrencies as a result of regulatory uncertainty and personal unfamiliarity with the technology. He compared crypto to gold as a value store but described the former as experimental. However, he noted the changing global financial landscape and suggested a reassessment by 2026 could be on the cards.

The evolving Indian regulatory environment has also played a role in shaping Kamath's current position. Indian authorities have previously indicated no immediate plans for crypto regulation, citing concerns about systemic risks. Despite this, there have been recent signs of flexibility, with exchanges and international firms showing renewed interest in the region's digital asset market.

Why the Standoff Happened

Kamath's reluctance to invest in Bitcoin or other cryptocurrencies reflects a broader trend among Indian investors. The lack of clear regulatory direction has led many to adopt a wait-and-see approach. In his conversation with Gupta, Kamath cited personal limitations in understanding the mechanics of digital assets, as well as the absence of a mature framework for crypto investment in India.

He also acknowledged conversations with prominent figures like Elon Musk and Ray Dalio, who have expressed varying degrees of optimism about crypto's potential. However, Kamath admitted he had not deeply internalized their views. One notable exchange involved Musk, who likened Bitcoin to energy as the "true currency." Kamath, though unconvinced, recognized the merit in such perspectives for sparking reflection.

How Markets Reacted

Kamath's comments have sparked renewed interest in India's crypto debate. CoinDCX's Sumit Gupta welcomed the billionaire's openness, emphasizing the importance of education and gradual understanding before making investment decisions. The discussion aligns with broader responsible adoption narratives, particularly as India's crypto landscape becomes more complex.

Market observers have taken Kamath's remarks as a sign of curiosity rather than immediate action. While he has no current plans to allocate capital to Bitcoin, the possibility of future exposure by 2026 has encouraged speculation. Analysts note that this curiosity could eventually translate into wider retail adoption in India, as elite perceptions continue to shift.

What This Means for Investors

Kamath's potential interest in Bitcoin highlights the dynamic nature of digital asset adoption. As of now, Bitcoin trades near $87,000, with a market capitalization of approximately $1.75 trillion. Daily trading volumes have surpassed $24 billion, reflecting strong institutional interest globally. In India, the market is watching for regulatory clarity and infrastructure development to support broader participation.

Investors are also mindful of the risks associated with crypto, including volatility and regulatory uncertainty. Kamath's learning-first approach underscores the importance of due diligence and education in a space that remains largely uncharted for many traditional investors. As global trends evolve, India's position as a potential growth outlier-highlighted by figures like Ray Dalio-could influence both institutional and retail investor behavior in the coming years.