The post Indian Firm Jetking Dodges Pandemic Woes With Bitcoin appeared on BitcoinEthereumNews.com.

Jetking adopted Bitcoin to escape pandemic difficulties. 25% of Jetking’s investible surplus is allocated to Bitcoin. Michael Saylor’s Strategy influenced Jetking’s Bitcoin investment model. Siddarth Bharwani, CFO of Jetking, the first Indian publicly listed company to adopt the Bitcoin standard, said his company adopted the cryptocurrency to escape the difficulties of the past pandemic and protect against similar situations in the future. In a recent interview, Bharwani explained how they decided on the Bitcoin option, highlighting the investment potential of the digital asset. Jetking is India’s first publicly traded company to adopt the Bitcoin Standard. CFO @SidBharwani of @JetkingLtd explains why in the interview below: Timecodes:00:00 – Intro01:53 – The story of Jetking; Who is Siddarth Bharwani?04:47 – Why adopt Bitcoin for Jetking’s balance… pic.twitter.com/ZvyToehiMx — Michael Saylor⚡️ (@saylor) February 9, 2025 The Jetking CFO explained that his firm decided to go for the Bitcoin option after doing a lot of research. They also observed developments around the technology. He compared Bitcoin with other mainstream assets, highlighting the limitations of real estate and gold among other asset classes. According to Bharwani, Bitcoin stood out as a better option, leading to Jetking taking a position in the digital asset market in 2022. Related: Bitcoin Is a Transformative Investment Opportunity, Says World-Class Investor Bitcoin as Treasury Reserve, Despite India’s Crypto Rules Initially, Jetking allocated 25% of its investable surplus to Bitcoin, according to Bharwani. The firm explored the crypto industry’s dynamics until March 2024, after the launch of multiple ETFs in the US signaled the institutionalization of Bitcoin. Despite India’s strict rules, Jetking adopted Bitcoin as its treasury reserve asset. When asked about Bitcoin’s volatility and the post-2022 bear market, Bharwani stated that his company remained confident even though BTC tumbled to around $15,000 after they bought their initial allocation for about…

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Filed under: News - @ February 10, 2025 2:24 pm