Nikhil Kamath, the co-founder of Indian brokerage giant Zerodha and a prominent billionaire, has publicly stated he currently holds zero Bitcoin (BTC) and has never invested in other cryptocurrencies. This revelation came during a conversation with CoinDCX CEO Sumit Gupta, where Kamath admitted to having limited familiarity with the crypto concept despite regularly interacting with top industry leaders on his 'WTF' podcast.
Kamath outlined a strategic, patient approach, indicating his intention to explore and potentially gain exposure to Bitcoin by 2026. He emphasized being open to learning more about the digital asset space before making any commitments. This cautious stance was further highlighted in a separate podcast featuring legendary investor Ray Dalio, founder of Bridgewater Associates. While Dalio acknowledged holding some Bitcoin, he expressed a clear preference for gold, citing concerns over trading transparency and potential security risks in the crypto market.
The news emerges against the backdrop of an evolving regulatory landscape in India. While the country has historically taken a cautious stance, there have been recent signs of leniency, such as Coinbase's major investment in Indian exchange CoinDCX in October 2025. Kamath's public deliberation reflects a broader sentiment of careful observation among some high-net-worth individuals, waiting for greater market maturity and regulatory clarity before significant involvement.
