India Consider Establishing a National Bitcoin Reserve

The Indian government is weighing the possibility of creating a state-run Bitcoin reserve as part of its efforts to tackle mounting financial challenges. The world’s most populous nation has weathered multiple economic crises in the past, but thanks to liberalization policies and a strong export-driven strategy, its economy is now showing signs of recovery.

India Consider Establishing A National Bitcoin Reserve

The Debt Challenge

Nevertheless, public debt remains a major obstacle to India’s growth potential. The country’s debt-to-GDP ratio has exceeded 56%, with domestic debt reaching a staggering 151 trillion rupees (about $1.8 trillion). On top of this, India also carries $736 billion in external debt.

While these figures may still be more favorable than those of some regional and geopolitical rivals, the debt burden continues to fuel widespread poverty and high inflation. Over the years, the government has explored various solutions, from bulk gold purchases—where India leads the world in consumption—to other fiscal measures.

Pushpendra Singh Shares On X
Pushpendra Singh Shares On X

Recently, Pushpendra Singh, a tech entrepreneur and prominent crypto advocate with more than 447,000 followers on X (formerly Twitter), urged the government to seriously consider building Bitcoin reserves. Singh emphasized:

“India should seriously consider building Bitcoin reserves—it’s the fastest path to manage and repay debt. The nation’s debt burden is rising every single day.”

As a strong proponent of Bitcoin adoption, Singh believes that state-level reserves could not only ease debt pressures but also help combat global inflation, which has worsened since the COVID-19 pandemic.

Global Trends and Unanswered Questions

This is not the first time such an idea has surfaced in India. In July, a member of the ruling party proposed creating a large-scale Bitcoin reserve to “project modernity” and ensure “economic resilience.”

While New Delhi has yet to make a final decision, other nations have already moved forward. El Salvador, for instance, has made headlines worldwide by establishing a Bitcoin reserve, though its holdings are far smaller than what a country like India could potentially manage.

Adding to the complexity, India’s stance on crypto remains contradictory. It is one of the few countries in the world that taxes crypto transactions without offering clear regulations. As a result, tens of millions of Indian users are forced to trade in a “grey area,” leaving much of the market’s potential untapped and large amounts of taxable revenue uncollected.

What Lies Ahead for Bitcoin in India?

If implemented, a national Bitcoin reserve could mark a historic turning point for India—helping ease its debt burden while positioning the country as a pioneer in the digital financial era. However, the outcome ultimately depends on the government’s next move.

(1 vote)

5.0/5

(1 vote)

Latest

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

Screenshot 2025 10 20 091338