Bitcoin is becoming a major part of the global financial system, and India is now a leading force in its increasing adoption. According to analyst Fred Krueger, India holds the second-highest amount of Bitcoin in the world, right behind the United States.
As per data, India has approximately 5.1% of the total bitcoin supply, approximately 1 million BTC, which is largely dominated by retail investors. The U.S., however, leads the pack and possesses approximately 40% of all the existing Bitcoin. The dominance is fueled by a mix of retail investors, institutional investors, ETFs, and custodial services.
Krueger, a well-known Bitcoin commentator, said India’s position is surprising but shows how strong the grassroots adoption is. Even though individual holdings are small, the sheer number of Indian investors adds up to a big total.
Locals Advocating for Bitcoin in India
While Bitcoin’s popularity is gaining worldwide, India may take more serious steps toward Bitcoin adoption. Pradeep Bhandari, national spokesperson of India’s ruling party BJP, has urged the Indian government to consider building a Strategic Bitcoin Reserve. This is similar to the U.S., which recently converted seized BTC into a sovereign reserve. Bhandari says this is a smart move to prepare India for the future of global finance.
Even Indian companies are starting to get involved. Mumbai-based tech training firm Jetking Infotrain is among the first Indian companies to go big on Bitcoin. It raised over ₹6 crore this year to buy BTC and now holds 21 Bitcoin worth nearly ₹19 crore. The company also announced a plan to acquire 21,000 Bitcoin by 2032.
Global Bitcoin Spread
Outside the United States and India, Bitcoin ownership is moderately fragmented in other regions. Europe holds around 0.9 million BTC, which constitutes 4.6% of the overall supply. China’s government holds about 0.194 million BTC, which largely comprises confiscated and idle assets.
Other Asian regions like Japan, South Korea, and Southeast Asia hold 0.4 million BTC, which is approximately 2.1% of total holdings, similar to Latin America. Africa and other areas share a combined holding of 0.3 million BTC (1.5%), showing growing but still low adoption.
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