A leader of India’s ruling party has suggested a Bitcoin strategic reserve for India as US FOMO (Fear Of Missing Out) sparks a BTC race. Pradeep Bhandari, a national spokesperson for India's ruling party, the Bharatiya Janata Party (BJP), has advocated for the establishment of a Strategic Bitcoin Reserve for India. This proposal comes at a time when global attitudes towards digital assets are shifting, with major economies increasingly considering the integration of Bitcoin into their financial strategies. Bhandari's call for a Bitcoin Reserve is timely, as the United States has recently transformed seized Bitcoins into a sovereign buffer against inflation and market shocks. The U.S. plans to further boost its Bitcoin reserve through budget-neutral tactics, signaling a significant geopolitical shift. This move has prompted other nations to take notice, including India, which has the potential to adapt similar models at scale. Bhandari argues that India, with its substantial renewable energy capacity, could emulate Bhutan's model of using surplus hydropower to mine Bitcoin. Bhutan has successfully amassed a Bitcoin reserve worth over $1 billion, which now funds public services and green projects. Bhandari suggests that India's crypto policy, currently taxed but unregulated, needs clarity to unlock its full potential. Bitcoin's unique characteristics, such as its capped supply and decentralized network, make it an attractive option for a national reserve. Unlike fiat money or gold, Bitcoin's supply is limited to 21 million coins, providing a reliable store of value. Its decentralized nature ensures that no single authority can manipulate its rules, and its transparent, tamper-resistant blockchain records every transaction permanently. The proposal for a Strategic Bitcoin Reserve aligns with the broader trend of countries exploring digital currencies to diversify their reserves and reduce reliance on traditional fiat currencies. By adopting such a reserve, India could enhance its economic resilience and global standing, positioning itself as a leader in the financial evolution driven by digital assets. This move also reflects a shift in the perception of cryptocurrencies, from speculative assets to legitimate components of national financial strategies. The increasing acceptance of digital currencies by governments and financial institutions worldwide, along with growing research supporting their benefits, underscores this transition. However, implementing a Strategic Bitcoin Reserve would require careful consideration of regulatory frameworks and technological infrastructure. India would need to address concerns related to security, volatility, and the potential for illicit activities associated with cryptocurrencies. Developing robust mechanisms to manage and safeguard the reserve would be crucial for its stability and long-term viability. 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. 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. The SEC is warning against FOMO, pushing long-term strategies as crypto matures. The SEC is warning against FOMO as crypto mania intensifies, even as institutional adoption skyrockets and U.S. policy shifts cement digital assets as a financial cornerstone. SEC Cautions Against FOMO as Crypto Sees Relentless Institutional Inflows. The U.S. Securities and Exchange Commission (SEC) reminded investors this week to steer clear of emotional decision-making driven by market hype. In a post shared May 13 on social media platform X, the SEC cautioned about fear of missing out (FOMO), writing: Don't fall for FOMO! Avoid the fear of missing out by sticking with a long-term saving and investing plan. It may be tempting, but that popular or trendy investment opportunity may not be the best one to help you meet your financial goals.
Indian Ruling Party Leader Proposes Bitcoin Reserve Amid US FOMO
A spokesperson for India's ruling party has proposed creating a strategic Bitcoin reserve for India, following the example of the US. This move comes as the US has already converted seized Bitcoin into a sovereign reserve, sparking global interest and discussions about using cryptocurrencies as part of national economic strategies.
