CoinDCX CEO Urges India to Establish Bitcoin Strategic Reserve Following U.S. Lead

Sumit Gupta, the CEO of CoinDCX, has publicly endorsed the push for cryptocurrency adoption in India, specifically advocating for the establishment of a Bitcoin strategic reserve. On June 26, Gupta took to X to praise BJP leader and spokesperson Pradeep Bhandari for his advocacy of crypto in a prominent national platform. Gupta highlighted Bhandari’s article in India Today, which emphasized the strategic importance of Bitcoin, citing the U.S. Strategic Bitcoin Reserve as a model. Launched in January 2025 by President Donald Trump, this reserve now holds over 200,000 Bitcoins, valued at over $20 billion. Gupta urged India to act swiftly, emphasizing the need to lead in the emerging Web3 era, having missed opportunities in Web 1.0 and 2.0.

The concept of Bitcoin as a strategic reserve has gained global attention, particularly following the U.S. example. The U.S. Strategic Bitcoin Reserve, initiated this year, has transformed seized Bitcoins into a national economic buffer, valued at over $20 billion as of June 2025. This reserve serves as a hedge against inflation and is expected to grow further. The White House has plans to acquire more Bitcoin using budget-neutral strategies, and three U.S. states have passed laws allowing public funds to purchase and hold Bitcoin. This shift indicates that nations are increasingly viewing Bitcoin as part of their economic defense strategy. In India, policymakers and citizens are considering whether Bitcoin can offer fiscal stability in volatile markets and serve as a digital complement to gold in national reserves. Bhandari’s article and Gupta’s endorsement strengthen this argument.

Bhutan provides a regional model for digital reserves. Since 2021, Bhutan has mined Bitcoin using clean hydropower, building a reserve worth over $1 billion by May 2025. This effort, initiated in response to economic pressures, now funds public services and supports Bhutan’s sustainability goals. India, with its larger renewable energy base, could explore a similar path with the right regulations and scaling. While the challenges will be unique, Bhutan’s success story offers valuable insights for India.

Bitcoin’s appeal as a strategic reserve asset lies in its core features. It has no central issuer, similar to gold, and its fixed supply of 21 million coins makes it immune to inflation caused by overprinting of fiat money. Its liquidity is unmatched, trading around the clock on global exchanges, and every transaction is traceable through a public blockchain, offering a level of transparency rare in traditional finance. In 2025, the U.S. SEC recognized Bitcoin as a commodity, and the IMF classifies it as a capital asset, boosting its legitimacy. For India, this opens a conversation on including Bitcoin in its list of strategic reserves alongside gold and foreign currency.

Sumit Gupta’s message reflects years of advocacy from India’s crypto ecosystem, and Bhandari’s support gives this voice new weight. Their call is clear: India must explore Bitcoin’s potential as a strategic reserve. With the U.S. and Bhutan leading by example, India cannot afford to wait. The G20 talks, chaired by India in 2023, provided a head start, but other countries are already moving forward. India needs clear regulations to unlock responsible innovation and lead the global Web3 wave.