October 23, 2025
By Our Correspondent
According to CoinDCX co-founder Sumit Gupta, Bitcoin is quickly becoming a popular choice for Indian investors. Speaking on the increasing use of digital assets, Gupta said that in addition to gold and stocks, people are now considering Bitcoin as “an additional asset class.”
“I’ve been watching a lot of content being created by different people where they are diversifying beyond gold and equities and now looking at Bitcoin and crypto assets in general during every Mahurat trading every Diwali,” Gupta told CNBC.
He continued by saying that international institutional engagement has accelerated the growth of Bitcoin and the cryptocurrency market as a whole, making the asset class more widely accepted.
Gupta estimates that there are already between 3.5 crore and 4 crore distinct cryptocurrency owners in India. In the upcoming years, he anticipates that this number will double. He added that CoinDCX wants to help clients who are “keen to diversify their portfolio beyond equities and gold to now even digital assets.” “I do believe that this number can easily go to eight to 10 crore Indians over the next few years,” he said.
Gupta also emphasized how blockchain technology has developed in India, pointing out that it is now used for more than just trade and investing. “Blockchain technology, let alone Bitcoin, was barely discussed seven or eight years ago,” he stated. “We now see government initiatives discussing tokenization on public blockchains, such as Maharashtra.”
He thinks that incorporating blockchain technology into common financial applications will usher in the next stage of expansion. The front end will not change, but Gupta stated that “my thesis is that blockchains will be the back end – we will see more and more applications getting powered by blockchain technology.”
