The ruling party in India, the Bharatiya Janata Party (BJP), has put forth a proposal to explore the establishment of a national Bitcoin reserve. Pradeep Bhandari, a representative of the BJP, has urged the government to take this initiative seriously, alongside the implementation of forward-thinking regulations for cryptocurrencies. The primary objective of this proposal is to foster innovation within the financial sector and bolster the country's economic resilience in the face of global financial challenges.