Pardeep Bhandari, the national spokesperson of the Bhartiya Janta Party, has urged the government to think over the formation of the Strategy Bitcoin Reserve.
In his editorial written for India Today, Pradeep cited the changed stance of the United States over cryptocurrencies after Donald Trump came into power for the 2nd time.
The editorial by Pradeep titled “US BitCoin Reserve signals a shift: An Opening for India,” notes that the U.S Bitcoin Reserve launched in January by Trump has elevated Digital assets to the global stage.
The US initiative currently repurposes 200,000 seized Bitcoins as a buffer against inflation, a strategy cemented by last month’s White House Crypto Summit with clearly articulated plans to buy more Bitcoin by exploring budget-neutral manners, the editorial notes.
He exemplified three U.S states that have passed the laws authorizing the deployment of public funds to buy and hold Bitcoin as a reserve. Pradeep argues that there are other states in line to follow.
Bhutan’s involvement in Bitcoin is an example to learn from
Bhutan’s involvement in crypto and especially Bitcoin has been tracked, and as per a few available reports, it has been involved in BTC mining from the time it was priced at $5,000.
As per the available information, to date, Bhutan has been holding Bitcoins worth around $1.30 billion; noteworthy that the nation has been mining these digital assets using its surplus power and also hydroelectricity.
On June 21 this year, it was widely reported that Bhutan has mined Bitcoin worth 33% of its GDP, all powered by renewable energy.
In size, Bhutan is among the smallest nations in terms of total area, population, and economy, but is now one of the most popular nations to hold a significant number of Bitcoins.
While talking to Al Jazeera about Bitcoin mining in April 2025, the Prime Minister of Bhutan, Tshering Tobgay, said, “ It’s just a simple strategic choice that many people have made and earned billions of dollars, and I think governments should do it.”
He also said in summer seasons, the flow of water remains at peak, which helps hydropower plants to make more energy than required; the surplus power is used to mine Bitcoin.
Why does India need to think of forming a Strategy Bitcoin Reserve?
In different scam and fraud cases over time, the Indian authorities have seized a significant number of Bitcoins, and as per some rough estimates, the nation is probably holding more than 6000 BTC.
Finance experts say that the proper management of seized digital assets by nations could help them boost their economy and also help to partially recover from debt.
It is worth noting that India is among the nations with the highest crypto adoption, and in the coming years, the market is expected to expand its footprint in the global market.
There are rough estimates that if the Indian government pushes forward to form a Strategy Bitcoin Reserve, its GDP and economy are expected to bounce nearly 5% to reach a new milestone.
