Crypto Adoption in India: Separating the Facts from the Social Media Hype

A viral, unverified claim suggests Indian investors own 5.1% of the total Bitcoin supply. Verifiable data shows India is a world leader in the number of crypto users , with 119 million. However, high user adoption does not prove the unverified claim about total holdings. A bold claim is making the rounds on social media: that investors in India now hold over one million Bitcoin, amounting to 5.1% of the total supply. While the figure paints a powerful picture of the nation’s crypto adoption, a closer look at the data reveals the claim is likely unsubstantiated and confuses the country’s real strength; its massive user base, with unverified holdings. The Viral Claim vs. The Verifiable Facts The unverified claim, which originated from a group on X, quickly spread, suggesting India now ranks as the second-highest country in Bitcoin holdings. BREAKING: India is estimated to hold 1 million Bitcoin, or 5.1% of the total supply, ranking second globally after the US. Primarily held through retail with small average holdings. Imagine the impact when ETFs and institutions enter the scene. [h/t @dotkrueger ] pic.twitter.com/M7Tmb7qSsN — Crypto India (@CryptooIndia) A… The post Crypto Adoption in India: Separating the Facts from the Social Media Hype appeared first on Coin Edition .

Source: Coin Edition