Following Donald Trump’s recent election victory, Indian cryptocurrency operators are deliberately positioning themselves to attract investors, resulting in a rise in the cryptocurrency market. This renewed momentum in India’s crypto ecosystem is fueled by a huge increase in Bitcoin values and anticipation of favorable regulations from the Trump administration. Crypto-related advertisements, which were popular a few years ago, are also making a comeback, with numerous exchanges using print media to rekindle Indian investors’ interest in the cryptocurrency industry.
Ryan Lee, Chief Analyst at Bitget Research, emphasizes the scope of this revival. “The cryptocurrency industry in India is experiencing a significant resurgence following Trump’s presidential victory, driven by a strong surge in Bitcoin (BTC),” Lee told me.
He noted that Bitcoin recently topped $93,000, owing to a net inflow of $4 billion from traditional investors via Bitcoin ETFs. This daily inflow, which averages around $800 million, translates into the purchase of approximately 10,000 BTC. According to Lee, Trump’s comments at the Nashville Btc Conference, in which he said Bitcoin could become a US reserve asset, have the potential to enhance BTC’s stature and attract significant global investment.
Indian cryptocurrency exchanges are capitalizing on the current positive momentum to re-engage users. Lee writes, “Indian exchanges are strategically working to return to working users during this bullish phase.” Domestic platforms are prepared to capitalize on these developments as a result of the newly elected administration’s anticipated increase in liquidity and favorable cryptocurrency policies.”
Dilip Chenoy, Chairperson of the Bharat Web3 Association, confirms the proactive posture of Indian exchanges, citing an increase in trade volumes following Trump’s victory. “This shift has driven Indian exchanges to further develop their platforms by implementing intuitive features and tailored incentives for returning users,” according to Chenoy. He stressed that the Bharat Web Three Association is advocating for a legislative framework that promotes innovation while building trust in India’s virtual digital asset (VDA) industry.
The confidence comes as cryptocurrencies worldwide experience a significant surge. Bitcoin and Dogecoin, which have gained traction thanks to Elon Musk, Trump’s advisor, are also reaching new highs. Despite India’s present tax and regulatory restrictions, there is hope that Trump’s pro-crypto policies may also impact Indian regulatory attitudes, producing a more hospitable atmosphere.