India’s Rich are Swapping Gold for Bitcoin and Cryptocurrencies

India’s wealthy individuals, known as High Net Worth Individuals (HNIs), are increasingly investing in Bitcoin and other cryptocurrencies as a way to diversify their portfolios. According to experts, this shift is driven by rising institutional interest, clearer rules, and the desire for higher returns. HNIs are allocating 2-5% of their portfolios to digital assets, treating crypto with measured caution to balance risk and reward. Next-generation heirs are also driving the adoption of cryptocurrencies, pushing for digital diversification and embedding it into succession and estate planning. While Bitcoin is not replacing gold, it is becoming a complementary asset class, with experts predicting a significant rise in allocations toward Bitcoin in the next five years.