Key Notes
- In a conversation with CoinDCX CEO Sumit Gupta, India’s Kamath said he has never owned Bitcoin.
- He said he does not have sufficient knowledge about cryptocurrency to give an opinion on the crypto market.
- India’s anti-crypto stance has relaxed in recent times and Kamath is now open to the market.
Nikhil Kamath, a renowned Indian billionaire, recently told CoinDCX CEO Sumit Gupta that he does not have a single Bitcoin
BTC
$87 461
24h volatility:
0.8%
Market cap:
$1.75 T
Vol. 24h:
$24.84 B
to his name nor has he ever invested in other crypto. He clarified that he was not so familiar with the concept of cryptocurrencies, even though he interacts with some of the top players within the blockchain industry.
Cautious Stance or Truth?
During Kamath’s conversation with Gupta, the billionaire and co-founder of Zerodha hinted at his interest to pursue BTC by 2026, even though he has never owned Bitcoin before now. As someone who claims to have less knowledge about Bitcoin and other digital currencies, he says that he is open to learning about the space and exploring it further.
This revelation was made when CoinDCX CEO sought to know about Kamath’s views on blockchain and Bitcoin. His response may have come as a surprise to many people considering that Kamath has conversed with top leaders on his WTF podcast
Related article: Bitcoin’s Weak End to 2025 Doesn’t Mean Bearish Q1 2026, Says ExpertThis includes top industry players like Elon Musk, Nandan Nilekani, Ruchir Sharma, Ray Dalio and many more.
Interestingly, a handful of these entities are focused on blockchain and crypto, but it appears that Kamath did not tap from that aspect of their knowledge. He unashamedly admitted the limitation of his knowledge on the subject
During one of his podcasts with Musk, the Tesla boss equated Bitcoin with “energy,” which he believes to be the “true currency.”
India’s Crypto Landscape Experience Leniency
Some entities suspect that Kamath may just be taking a cautious stance on the subject of crypto, especially considering India’s position with digital assets. India once stated that it has no plans to regulate the crypto sector for now, citing concerns that it could expose the country’s financial system to risks.
The authorities in the region have agreed that a complete ban could tackle speculative activities, but at the same time, it wouldn’t prevent peer-to-peer transfers or decentralized trading.
On one hand, India has become more lenient towards the burgeoning crypto industry in recent months. Last October, Coinbase Global Inc., an American cryptocurrency exchange strengthened its presence in India and the Middle East by making a major investment in CoinDCX. This came 3 years after the same exchange exited the country.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Empery Digital reduced its holdings by 79 BTC last week, bringing its position down to 3,359 BTC
Gate News reports that on April 1, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that it sold 79 bitcoins last week at an average price of $71,031, generating total proceeds of approximately $5.6 million. Its total bitcoin holdings have decreased to 3,359 bitcoins. Additionally, the company revealed that to date, it has invested about $137 million to repurchase 23,630,147 shares of common stock. Going forward, it will continue to sell bitcoin as needed to fund future stock buybacks and may also repay some outstanding debt.
GateNews27m ago
A certain CEX still has 4,619 BTC in outstanding borrowings owed to the related party Winklevoss Capital
On April 1, Arkham analyst Emmett Gallic disclosed that a cryptocurrency exchange has not yet repaid a BTC loan of 4,619 BTC, worth approximately $314 million, with an annual fee rate of 4%-8%, no fixed maturity date, and lenders able to demand repayment at any time. Historically, the exchange has borrowed more than 11,000 BTC and 133,000 ETH.
GateNews36m ago
BTC 15-minute modest uptrend of 0.49%: institutional fund flows are driving short-term price anomalies
2026-04-01 03:00 to 2026-04-01 03:15 (UTC), BTC fluctuated in the 67,663.9 to 68,103.8 USDT range. The candlestick return rate recorded +0.49%, with an amplitude of 0.65%. During this period, market attention warmed up, with on-chain activity and trading volume increasing in tandem. Heightened short-term capital inflows and outflows triggered mild price fluctuations, and traders’ sentiment turned more cautious.
The main driving force behind this unusual move was dominated by institutional fund flows, including whales and institutions making large transfers to exchanges and withdrawals within 10 minutes; meanwhile, whales also transferred large amounts to the exchange and moved funds out to other addresses, indicating active capital repositioning during this period.
GateNews43m ago
Did the Bitcoin quantum threat arrive early? Google simulates a 9-minute hijacking of funds—6.9 million BTC could be in danger
Google research shows that the number of qubits required to break Bitcoin could be lower than 500,000—far below expectations—which puts about 9.0 million BTC at potential risk. Quantum computers can intercept transactions within “9 minutes,” and especially after the Taproot upgrade, many wallets are exposed to attack risk. This serves as a reminder that the crypto industry needs to guard against quantum threats as soon as possible.
CryptoCity44m ago
Is Bitcoin Approaching a Key “Buy Zone”? On-Chain Data Reveals That the Real BTC Bottom Signal Still Has Not Appeared
Bitcoin’s price is nearing the “buy zone” the market is watching, but the bottom signals have not fully formed yet. The current price is above the cost range, suggesting the market hasn’t undergone a major cleanup. The premium continues to narrow, reflecting that the bubble is being worked off. Although the market may face pressure in the short term, funds are positioning early, indicating optimism about future prospects.
GateNews44m ago
