Nikhil Kamath Reveals 0 Bitcoin Holdings Despite $3B Net Worth
Indian billionaire Nikhil Kamath, co-founder of Zerodha, has dropped a bombshell – he's never actually owned a single Bitcoin.
Quick overview
- Indian billionaire Nikhil Kamath, co-founder of Zerodha, revealed he has never owned Bitcoin and lacks knowledge about cryptocurrencies.
- During a podcast, Kamath expressed a desire to learn more about crypto in the coming year, despite his connections in the blockchain space.
- His admission underscores the cautious approach many influential figures in India are taking towards digital assets amid regulatory uncertainties.
- Kamath's comments reflect the broader wariness in India regarding cryptocurrencies, where high taxes and lack of clear regulations deter investment.
Indian billionaire Nikhil Kamath, co-founder of Zerodha, has dropped a bombshell – he’s never actually owned a single Bitcoin. In a chat with CoinDCX CEO Sumit Gupta, Kamath freely admitted to being in the dark when it comes to cryptocurrencies, and revealed he’s got no investments in the space – at least not at the moment. Not even his high-powered connections with top blockchain figures around the world have been enough to get him seriously into crypto yet. In 2026, Kamath says he hopes to change that, however.
Kamath let the cat out of the bag on his WTF podcast, where he’s hosted the likes of Elon Musk, Ray Dalio, & Nandan Nilekani in the past. It’s a show that regularly covers topics in tech & finance, but Kamath confessed in an X post:
- “Honestly – I’ve never owned any, don’t know enough to even say for sure what I think about it.”
- “Would be keen to take some time next year and try to learn a bit more about it.”
This admission is a big deal, coming from a high-profile business leader. It suggests that even those with the means & influence may be taking a cautious approach to crypto, despite it being all the rage worldwide.
Podcast Highlights Global Crypto Views
The conversation got a fair amount of attention following Kamath’s chat with Elon Musk on his WTF podcast. Musk started yapping about how Bitcoin is a type of currency tied to energy production rather than traditional money. He reckons :
- “Energy is the real currency.” – “You can’t just pass a law and dictate what energy is.”
- “Eventually, we might not need money at all – just energy as the de facto currency.”
Following this exchange, CoinDCX CEO Sumit Gupta asked Kamath whether he’d changed his views on Bitcoin or blockchain. Kamath’s candid admission that he’d never invested in Bitcoin before caught many people off guard – especially given his massive net worth of around $2.5-3.1 billion and the top crypto personalities he rubs shoulders with.
Implications for Crypto in India
Kamath’s stance reflects the general wariness of Indians towards digital assets. Despite widespread adoption worldwide, India still hasn’t adopted a clear set of rules for crypto. Here are a few points to consider:
- No comprehensive regulations have been put in place yet, despite a whole year having passed in 2025.
- Any crypto gains are taxed at a whopping 30%, which is a big deterrent for high rollers.
- And on top of all that, a lot of traditional finance types aren’t all that interested in getting involved with digital assets.
Kamath’s comments also highlight just how uncertain the situation is in India – even for the country’s influential business leaders.
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