2 days ago
Cryptocurrencies have been on a rollercoaster ride this year. Buoyed by US President Donald Trump's pro-crypto stance, cryptocurrency stocks have rallied and, despite the odd road bump, things are looking rosy for investors.
This could easily be the start of cryptocurrencies entering the mainstream, and they were among the buzzing topics at the Moneycontrol Global Wealth Summit 2025. At the event, experts stressed the need for global regulatory alignment, increasing institutional interest, and the long-term potential of domestic players to ensure that cryptocurrency is a reliable means for investment.
“Crypto is getting real. Until the last 4-5 years, only a few tech geeks were looking at it,” said Sumit Gupta, Co-founder and CEO, CoinDCX, pointing to the growing retail and institutional interest in digital assets.
Vikram Subburaj, Co-founder and CEO, Giottus noted that even family offices are now exploring crypto investments, a shift that signals broader acceptance of the asset class.
Global consensus needed for crypto regulation
Highlighting the challenges of a fragmented regulatory approach, Edul Patel, Co-founder of Mudrex, said, “Crypto is a global asset. Any one country treating it in a siloed way won’t work. There needs to be global consensus.” He emphasised that as governments shape policies, a coordinated global effort is crucial for long-term stability.
Also read: Tenfold surge in women investing in cryptocurrency in India, reveals study
With the Trump administration supporting pro-crypto policies, Patel added, “The crypto president has helped create a lot of excitement. It’s certain now that crypto is not going anywhere.”
US President Donald Trump has signed an executive order to establish a strategic reserve of cryptocurrencies, using tokens already owned by the government, rather than purchasing new ones. The move disappointed some market participants who had anticipated a clear plan for fresh acquisitions.
The announcement, made on Thursday ahead of a meeting with crypto executives at the White House on Friday, led to a 5% drop in Bitcoin’s price to $85,000. However, in early European trading on Friday, Bitcoin rebounded to $89,200, according to a Reuters report.
Trump’s promise of a strategic crypto reserve, along with expectations for regulatory easing, had earlier fuelled a market rally, pushing Bitcoin to an all-time high of $109,071.86 in January.
Despite the initial optimism, the crypto market has witnessed significant volatility. On March 4, a day after cryptocurrencies surged on hopes surrounding Trump’s US Crypto Strategic Reserves, the market suffered a sharp crash.
Long-term play for Indian players
CoinDCX's Gupta also believes that while global players are currently shaping the market, Indian firms will emerge stronger over time. “Let global crypto players set the field, create the market. In the next 10 years, domestic players will ultimately win,” he said.
Reiterating the role of crypto in modern investment portfolios, he added, “Any investor today needs to look at crypto to diversify their portfolio.”
Industry leaders agreed that while crypto is gaining legitimacy, nuanced conversations are now happening around regulation and adoption. As traditional investors and institutions step in, the sector is poised for significant growth, provided it navigates regulatory hurdles and global policy shifts effectively.
