Indian Billionaire Nikhil Kamath Declares He Holds No Bitcoin, Plans to Learn More by 2026
- Nikhil Kamath, co-founder of Zerodha, revealed he has never owned Bitcoin or invested in any cryptocurrency.
- Despite engaging with notable figures like Elon Musk and Ray Dalio on his WTF podcast, Kamath admits his knowledge of blockchain and crypto is limited.
- Kamath’s net worth is estimated between $2.5 billion and $3.1 billion, yet he remains cautious about the crypto space.
- India currently imposes a hefty tax of up to 30% on crypto gains, reflecting a cautious regulatory environment.
- Kamath plans to explore cryptocurrencies further in the year 2026.
Kamath’s admission highlights a broader trend among Indian business leaders who are hesitant to engage with digital assets amid unclear regulations in the country. This caution persists despite global movements towards embracing cryptocurrency.
Nikhil Kamath’s lack of exposure to Bitcoin underscores the ongoing hesitance within India’s financial elite regarding cryptocurrency investments amidst stringent taxation policies.(Source)
