Indian billionaire Nikhil Kamath has revealed in a dialog with CoinDCX CEO Sumit Gupta that he has by no means owned Bitcoin. Despite partaking with high-profile international enterprise leaders and outstanding 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 house and plans to discover it additional in 2026.
No Bitcoin Exposure Yet, Says Nikhil Kamath
During 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. While the CoinDCX CEO sought to learn about Kamath’s views on blockchain and Bitcoin, he admitted that his data on the topic is restricted.
Notably, Nikhil Kamath has conversed with international leaders throughout a number of industries through his WTF podcast. He had insightful talks with prime trade gamers like Elon Musk, Ray Dalio, Nandan Nilekani, Ruchir Sharma, and extra, specializing in blockchain and crypto.
Despite these discussions, Nikhil Kamath acknowledges that he’s not a topic skilled. In an X post, he acknowledged,
“I hold none, never have, honestly don’t know enough to comment, would love to take some time and learn more about it next year…”
Significantly, 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 strategy to Bitcoin and blockchain. During the podcast, Musk equated Bitcoin with “energy,” which he believes to be the “true currency.” Musk acknowledged,
“Energy is the true currency. This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just pass a law and suddenly have a lot of energy. It’s very difficult to generate energy, especially to harness energy in a useful way. Probably (in future) we won’t have money, and probably will just have energy, with power generation, as the de facto currency.”
After partaking with quite a few crypto personalities, Gupta anticipated Kamath to supply his perspective on the subject. He requested, “Would be keen to know what your view on blockchain and bitcoin is now? Has it evolved from those conversations? Do you hold any BTC?”
However, his response was sudden. Despite being considered one of India’s youngest billionaires, with an estimated web price of $2.5–$3.1 billion, Kamath acknowledged that crypto remains to be one thing that he has by no means skilled.
Does This Indicate a Cautious Stance?
Considering India’s cautious strategy to cryptocurrency, Nikhil Kamath’s assertion echoes an identical stance. Despite international international locations’ progressive measures to embrace crypto, India remains to be lagging behind with out clear rules. Although the federal government had promised to introduce complete guidelines this 12 months, no particular actions have been taken. For occasion, tax regulations in India remain 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 outstanding enterprise personalities stay hesitant to make investments in crypto. It additionally highlights the continuing crypto debate in India, with conventional finance leaders turning away from digital belongings.
