CoinDCX CEO Sumit Gupta has publicly praised India’s ruling Bharatiya Janata Party (BJP) and its spokesperson, Shri Pradeep Bhandari, for their growing interest towards cryptocurrencies.
In his latest post on X, Gupta highlighted a new article by Bhandari that reflects the shift in how India’s policymakers now view Bitcoin and the digital asset industry.
Truly heartening to see leaders like Shri Pradeep Bhandari (@pradip103), National Spokesperson of the Bharatiya Janata Party (@BJP4India), bring conversations around crypto assets to the national mainstream.
His latest article in @IndiaToday rightly points out a growing global… pic.twitter.com/rduY0iPZ8H
— Sumit Gupta (CoinDCX) (@smtgpt) June 26, 2025
What Prompted the Public Praise?
Bhandari and his party are bringing crypto conversations to the Indian national mainstream, a development Gupta thinks is crucial for the industry’s growth. The CoinDCX CEO emphasized Bhandari’s Bitcoin position in the article, spotlighted America’s involvement, and noted that the US now holds 200,000 BTC, signaling a shift in how nations treat Bitcoin.
According to Gupta, Bhandari pointed out that nations consider Bitcoin to be more than an asset but a strategic reserve.
Why Is India’s View on Bitcoin Changing?
Following this new engagement from the ruling party, Gupta amplified his campaign and that of many other cryptocurrency advocates who have, over the years, advocated that the technology is more than just a financial instrument.
Related: India Issues Crypto Tax Notices to Thousands, Seizes $327K in Crackdown
The CoinDCX CEO emphasized that cryptocurrency is a geopolitical phenomenon, an economic instrument, and a strategic tool. According to him, seeing India’s policymakers engage with this reality is validating and encouraging.
Call to Action for India
Beyond applauding Bhandari’s initiative and that of his party towards cryptocurrency, Gupta encouraged India’s political class to maintain the momentum. According to him, India missed out on the Web 1.0 revolution and arrived late to Web 2.0.
However, he believes the Asian giant has a real shot at leading the emerging Web 3.0, noting that this is the right time to act.
Related: India Charts Course for Crypto Regulation with June Discussion Paper
Bitcoin’s growth in the past few years has been significant. The US SEC’s approval of spot Bitcoin ETFs in 2024 boosted the cryptocurrency’s growth by opening a channel for institutional dealers to invest in the digital asset. TradingView’s data showed that BTC traded for $107,819 at the time of writing.
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