2 Crore Indians Can’t Be Wrong”: Gautam Gambhir Takes a Swing at Crypto Critics
Gautam Gambhir Takes a Stand for Crypto
Gautam Gambhir, a former Indian cricket star and now head coach of Team India, is not just making headlines for cricket. He’s also backing cryptocurrency — and boldly.
In a tweet posted on August 6, Gambhir took a direct jab at people who dismiss crypto as a passing trend.
“Guess what? 2 Crore+ Indians disagree,”
he wrote on X (formerly Twitter), tagging Indian crypto exchange CoinDCX.
This number — 2 crore (20 million) — refers to CoinDCX’s reported user base. Gambhir is a brand ambassador for the platform, and this tweet appears to be part of a larger campaign to push back against growing skepticism in the wake of recent crypto controversies in India.
India Has One of the Largest Crypto User Bases in the World
Despite global volatility and ongoing debates, India remains one of the top nations for crypto adoption.
India Tops Global Crypto Adoption
According to blockchain analytics firm Chainalysis, India ranked #1 on the Global Crypto Adoption Index for 2024. Millions of Indian investors are buying, trading, and holding digital currencies despite strict taxation and unclear regulations.
While the government hasn’t fully legalized or banned crypto, it has implemented a 30% tax on gains and a 1% TDS on transactions, making trading more difficult for retail investors.
CoinDCX’s Big Hack: What Really Happened?
Gambhir’s tweet defending crypto comes just weeks after a major security breach rocked CoinDCX.
The $44.2 Million Heist
On July 19, 2025, crypto watchdog ZachXBT reported that CoinDCX was drained of over $44 million in a cyberattack. The hack followed a similar breach at rival exchange WazirX, which lost $234 million last year.
Following the incident, CoinDCX CEO Sumit Gupta confirmed the hack but assured users that no customer funds were lost. The loss, he said, would be covered by the company’s treasury.
CoinDCX Tries to Rebuild Trust
With its reputation on the line, CoinDCX has rolled out a series of moves aimed at restoring public confidence.
Recovery Bounty Program
On July 25, CoinDCX launched a recovery bounty program, offering up to 25% of any recovered funds to white-hat hackers or security researchers who assist in retrieving stolen assets.
Police Investigation Ongoing
A formal police investigation is underway, and CoinDCX has pledged full cooperation. In the meantime, the company is doubling down on brand marketing — including Gambhir’s tweet — to reassure its large Indian user base.
Celebrity Endorsements Without Disclosures?
While Gambhir’s support is making headlines, crypto enthusiasts have pointed out a key concern.
Some X users noted that the cricketer has promoted CoinDCX multiple times without clearly labeling his tweets as paid partnerships. This raises questions about transparency, especially in a sector already struggling with trust issues.
Why This Tweet Matters for India’s Crypto Future
Gambhir’s tweet isn’t just a celebrity endorsement — it’s a signal of growing mainstream support for crypto in India.
Confidence Amid Chaos
Despite hacks and unclear rules, India’s crypto community continues to grow. Influencers, tech leaders, and now sports icons are all becoming part of the conversation.
With more influential voices like Gambhir joining the scene, it may pressure lawmakers to clarify the regulatory landscape for crypto assets in India.
What’s Next?
Crypto in India is at a crossroads. On one hand, platforms like CoinDCX are facing massive scrutiny after high-profile hacks. On the other hand, public figures like Gautam Gambhir are pushing back against the negativity.
Will celebrity support help legitimize crypto? Or will security concerns and lack of regulation continue to hold India back?
One thing’s for sure — with over 2 crore users and growing, India’s crypto story is just getting started.
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