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Sunny Ray

93 million reasons why india just changed bitcoin forever

the numbers hit this week and almost nobody understands what theyre looking at. india now leads the world in bitcoin ownership. 93 million people. double the united states. more than china. more than any other nation on earth. and this is just the beginning. most people in the west see bitcoin as a trade. buy low sell high. check the charts. watch cnbc. india sees something completely different.

india sends $100 billion home in remittances every year. workers in dubai and singapore and toronto sending money back to their families. every single transfer gets eaten alive by middlemen. western union takes their cut. banks take their cut. correspondent banks take their cut. and all of them add exactly nothing. bitcoin fixes this in one transaction. no middlemen. no permission. just math. 93 million people didnt adopt bitcoin because they read about it on twitter. they adopted it because it solves a real problem they deal with every week. but heres the thing that goes even deeper.

india is a gold culture. has been for five thousand years. gold isnt just investment there.... its identity. families pass it down through generations. weddings revolve around it. its how you protect wealth across time and across governments. its how you trust something when you dont trust institutions. now imagine that culture discovering digital gold. scarce like gold. portable like nothing else. transferable across borders in seconds. and unseizable by governments that have frozen bank accounts before. of course they understand bitcoin.

and then theres the tech piece nobody talks about. india produces more software engineers than any country on earth. the people building silicon valley came from bangalore and hyderabad and chennai. these arent people who need bitcoin explained in simple terms. they read the whitepaper. they understood the cryptography. they saw exactly what satoshi built and why it works. 800 million internet users. median age 28. more english speakers than the united kingdom. the largest democracy on earth. aligned with the west but charting their own course.

when i helped build one of indias first bitcoin exchanges back in 2013.... things got ugly fast. banks froze our accounts. the government tried to shut us down. headlines called us criminals running a ponzi scheme. we took the fight all the way to the supreme court. and we won. because you cant stop 93 million people who understand what sovereignty actually means. you cant convince a culture that has stored wealth for 5000 years that bitcoin is "too risky." you cant tell a generation of engineers that the math doesnt work.

the west debates whether bitcoin is a currency or a commodity. india just uses it. what does this mean long term? it means the next wave of adoption isnt coming from wall street. its coming from a billion people who just figured out that bitcoin is gold you can send through a phone. its coming from the worlds youngest population with the longest memory of what real savings looks like. its coming from the largest english speaking tech workforce on earth who dont need anyones permission to opt in.

everyone asks wheres the next bitcoin. bitcoin is the next bitcoin. everyone asks where adoption comes from next. its already here. 93 million people strong. are you watching the right map?

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