Investment firm Bernstein has called on India to recognize Bitcoin as a strategic reserve asset in light of global financial uncertainties, such as inflation, U.S. debt, and geopolitical instability. The firm describes Bitcoin as "digital gold," emphasizing its potential to serve as a stable financial asset.
Bernstein pointed out India's current emphasis on developing central bank digital currencies (CBDCs) and its categorization of Bitcoin as a "private currency". The firm believes this overlooks Bitcoin’s inherent benefits and strategic importance in the current economic climate.
The appeal from Bernstein highlights a shift in perspective towards Bitcoin not merely as a cryptocurrency but as a crucial component for national financial security and resilience against global financial turmoil.
