Uday Kotak Urges India to Rethink Gold, Floats Bitcoin as Digital Alternative
- —Kotak expects India's gold imports to reach $88–90 billion in FY27
- —He floated Bitcoin as a possible digital alternative to gold
- —Clearer rules and lower volatility are needed for adoption
Why it matters: A prominent Indian banker questioning gold's dominance could shift sentiment in a market that is both a top gold consumer and a fast-growing crypto hub.
Source: Coin Edition