India has quietly risen to become one of the largest holders of Bitcoin in the world, with an estimated $120 billion in retail ownership — nearly a million coins, or over 5% of the global Bitcoin supply. While the U.S. still leads in total national holdings, India tops the charts in crypto adoption, now ranked #1 on the Global Crypto Adoption Index by Chainalysis. More than 90 million Indians own crypto, but the lion’s share of value is concentrated among a few thousand high-net-worth investors and institutions.
