India’s Ruling Party Flirts with Bitcoin: Is the Secret Plan to Out-Texas Texas?

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Somewhere in the chaotic, tea-fueled heart of New Delhi, a government spokesman has decided India could spice up its economic toolkit by putting Bitcoin on the menu. Yes, you heard right: Pradeep Bhandari, BJP’s national spokesperson, wants India to “pilot” a Bitcoin reserve and actually regulate the mad, wild, crypto rodeo. Apparently, it’s not enough to have a billion people and four million WhatsApp groups—now we need cryptocurrency with our samosas. 🥟💸

Politician Daydreams of Bitcoin, Entire Indian Auntie Population Sighs

This week, Bhandari—clearly spending too much time on Twitter—penned an article for India Today, fawning over US attempts to stash Bitcoin like it’s the last packet of Parle-G during exam week. Americans are already “expanding holdings” without raiding taxpayers’ wallets, he says. (Take notes, Rishi Sunak—oh wait, wrong country.)

Meanwhile, the US states are in an arms race to pass crypto laws—Texas is buying Bitcoin with public funds, because coal and BBQ were getting old. Arizona, not to be outdone, legally decided Bitcoin is now “unclaimed property,” presumably after someone lost a thumb drive.

For regional inspiration, Bhandari points to Bhutan. Yes, Bhutan—the tiny kingdom in the Himalayas, usually associated with monks, not mining rigs. They’ve quietly stockpiled $1 billion in Bitcoin (as of May 2025), mining the stuff with hydropower since 2021. Nothing says “enlightenment” like a digital wallet bursting with BTC. 🙏💎

The big idea: if Bhutan can do it and Americans can do it (while wearing cowboy hats), why not India? Surely, there’s enough brainpower and renewable energy to spare. As Bhandari puts it, “digital assets can stabilise economies”—and maybe, just maybe, help us avoid yet another currency demonetisation without warning text messages at midnight.

Bitcoin: Not Reckless, Just… Calculated (Supposedly)

To those worried that India might YOLO into the crypto pool, Bhandari assures us this would be a “measured strategy.” Side note: politicians describing their plans as “measured” is almost as reassuring as being told by your mum that your bad haircut will “grow out soon.”

India, apparently at a “pivotal juncture,” could bravely go where no subcontinent has gone before: into the depths of regulatory reform, Bitcoin-style. Translation: the government taxes crypto, but hasn’t actually figured out what to do with it yet. Regulatory vibes: foggy, mostly confused, with a chance of panicky legislation.

And in case you missed it, India once chaired a very serious crypto working group with the IMF—yes, there were PowerPoints. But Bhandari thinks it’s time for action! No more pausing for global consensus—he wants India to “race ahead.” (Airtel signal permitting.)

Apparently, clear regulation is the dream. Not just so investors can sleep at night, but so politicians can confidently explain “Bitcoin” to their grandmothers. And maybe, just maybe, so someone can afford avocados in Mumbai.

Bhandari wraps up with a flourish: good regulation could bring transparency, oversight, and let India boldly embrace Bitcoin with all the institutional confidence of someone buying their first NFT. Or at least, not lose quite so much hair over it. 🪙😅

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2025-06-27 11:26