Indian billionaire Nikhil Kamath has revealed in a dialog with CoinDCX CEO Sumit Gupta that he has by no means owned Bitcoin. Regardless of participating with high-profile international enterprise leaders and distinguished blockchain figures, Kamath admits that he’s much less aware of Bitcoin and cryptocurrencies. He added that he’s nonetheless studying in regards to the area and plans to discover it additional in 2026.
No Bitcoin Publicity But, Says Nikhil Kamath
Throughout a current change on X, Nikhil Kamath, the co-founder of Zerodha, disclosed that he holds zero Bitcoin. He added that he has by no means invested in cryptocurrency. Whereas the CoinDCX CEO sought to learn about Kamath’s views on blockchain and Bitcoin, he admitted that his information on the topic is proscribed.
Notably, Nikhil Kamath has conversed with international leaders throughout a number of industries by way of his WTF podcast. He had insightful talks with high trade gamers like Elon Musk, Ray Dalio, Nandan Nilekani, Ruchir Sharma, and extra, specializing in blockchain and crypto.
Regardless of these discussions, Nikhil Kamath acknowledges that he’s not a topic skilled. In an X put up, he acknowledged,
“I maintain none, by no means have, truthfully don’t know sufficient to remark, would like to take a while and be taught extra about it subsequent yr…”
Considerably, Nikhil Kamath’s profitable WTF podcast with tech behemoth Elon Musk ignited this dialog. In response to the occasion, Sumit Gupta, the CEO of CoinDCX, one of many largest crypto exchanges in India, inquired about Kamath’s method to Bitcoin and blockchain. Through the podcast, Musk equated Bitcoin with “power,” which he believes to be the “true forex.” Musk acknowledged,
“Power is the true forex. This is the reason I mentioned Bitcoin is predicated on power. You’ll be able to’t legislate power. You’ll be able to’t simply go a regulation and immediately have lots of power. It’s very tough to generate power, particularly to harness power in a helpful means. In all probability (in future) we received’t have cash, and doubtless will simply have power, with energy technology, because the de facto forex.”
After participating with quite a few crypto personalities, Gupta anticipated Kamath to supply his perspective on the subject. He requested, “Can be eager to know what your view on blockchain and bitcoin is now? Has it developed from these conversations? Do you maintain any BTC?”
Nonetheless, his response was sudden. Regardless of being one in every of India’s youngest billionaires, with an estimated internet value of $2.5–$3.1 billion, Kamath acknowledged that crypto continues to be one thing that he has by no means skilled.
Does This Point out a Cautious Stance?
Contemplating India’s cautious method to cryptocurrency, Nikhil Kamath’s assertion echoes an analogous stance. Regardless of international international locations’ progressive measures to embrace crypto, India continues to be lagging behind with out clear laws. Though the federal government had promised to introduce complete guidelines this yr, no particular actions have been taken. For example, tax laws in India stay unchanged, with crypto good points nonetheless relevant to an enormous 30% tax.
Kamath’s revelation additionally unveils a stark actuality in India, the place even distinguished enterprise personalities stay hesitant to put money into crypto. It additionally highlights the continued crypto debate in India, with conventional finance leaders turning away from digital property.
