India's Ruling Party Advocates Bitcoin Reserve Pilot Program

Pradeep Bhandari, the national spokesperson of India’s ruling party, has advocated for the initiation of a Bitcoin reserve pilot program, asserting that the country should make a strategic move towards Bitcoin. According to Bhandari, the US's establishment of a strategic Bitcoin reserve and Bhutan's national mining initiatives present a significant opportunity for India.
The Strategic Bitcoin Reserve, initiated under the administration of US President Donald Trump in January 2025, brought digital assets to the global economic agenda. The reserve, which reached over $20 billion as of June 2025, demonstrates that Bitcoin is increasingly seen as a store of value. Within the scope of the reserve, the US evaluates the approximately 200,000 BTC seized as a buffer against inflation. At the Crypto Summit held at the White House last month, it was announced that Bitcoin purchases would continue with budget-friendly methods to expand this reserve. Three states have already enacted laws allowing Bitcoin purchases with public funds. These developments reveal that Bitcoin has begun to be evaluated as a financial resistance tool.
Bhutan, which has been mining Bitcoin with hydroelectric resources since 2021, has accumulated a reserve of over $1 billion as of May 2025. This reserve helps the country finance public services and contributes to its sustainable development goals. India, with its vast renewable energy capacity, has the potential to implement a similar mining model at scale. However, regulatory infrastructure and institutional readiness remain significant challenges.
India is currently among the countries that tax cryptocurrencies but do not regulate them clearly. During its 2023 G20 presidency, India led the crypto working group established under the leadership of the IMF, playing an important role in the formation of global standards. However, the country remains cautious about domestic regulations. The classification of Bitcoin as a capital asset by the IMF further strengthens the need for a clear legal framework in India. Regulations will both boost investor confidence and pave the way for institutional adoption.
India, home to 1.5 billion people, is making significant strides in positioning Bitcoin as a strategic reserve. This move underscores the growing recognition of Bitcoin as a store of value, aligning with global trends that see digital assets gaining traction in financial strategies. The strategic reserve in India is part of a broader shift in how the world views ownership, with tokenization playing a pivotal role in this transformation. This development is particularly noteworthy given India's vast population and its potential to influence global financial markets.
The establishment of a Bitcoin strategic reserve in India reflects a broader trend of countries and institutions exploring digital assets as a means to diversify their reserves. This trend is driven by the increasing acceptance of Bitcoin as a reliable store of value, which is further bolstered by its decentralized nature and limited supply. The reserve's growth to over $20 billion indicates a significant commitment to digital assets, positioning India as a leader in this emerging financial landscape.
The decision to allocate a substantial portion of the reserve to Bitcoin is a strategic move that could have far-reaching implications for the global financial system. By embracing Bitcoin, India is not only diversifying its financial assets but also signaling a shift towards a more digital and decentralized financial future. This move could encourage other countries to follow suit, potentially leading to a broader adoption of digital assets in strategic reserves worldwide.
The strategic reserve in India is part of a larger narrative of how digital assets are reshaping traditional financial systems. The growing acceptance of Bitcoin as a store of value is a testament to its potential to disrupt conventional financial norms. As more countries and institutions recognize the benefits of digital assets, the financial landscape is likely to undergo significant changes, with Bitcoin playing a central role in this transformation. The strategic reserve in India is a clear indication of this shift, highlighting the growing importance of digital assets in the global financial ecosystem.

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