Bitcoin's Asian Expansion Leaves India Behind
Asia is driving Bitcoin's growth beyond retail trading and speculative activity, with countries like Japan and Hong Kong developing corporate Bitcoin markets through treasury and regulated platforms.
In contrast, India has a large user base but faces challenges due to its 30% VDA tax, 1% TDS, and limited corporate treasury path. This raises questions about whether Indian investors can benefit from Asia's institutional Bitcoin growth.
David Bailey, CEO of Nakamoto Inc., has positioned Hong Kong as a critical bridge for Bitcoin's Asian expansion, connecting Asian markets with global capital.
The Asian market is growing rapidly, with stablecoin transactions in Asia totaling $12.5T in 2025, up 67%, and approximately $245B of actual stablecoin payments, representing around 60% of the estimated $390B total.