Sumit Gupta Flags Bitcoin’s $840K Scenario: Can India Capture the Next Allocation Wave?

• River’s model puts Bitcoin at $250K-$840K on $1.3T-$5.3T in projected net inflows. 
• BlackRock sees 1%-2% Bitcoin exposure as reasonable for volatility-tolerant investors.
• India ranks No. 1 in crypto adoption, yet 30% VDA tax and 1% TDS raise friction.

Bitcoin could reach $840,000 within five years under River’s most aggressive institutional-allocation model, but CoinDCX co-founder Sumit Gupta has challenged key assumptions behind it. River estimates $1.3 trillion to $5.3 trillion in net inflows if 20%–40% of investor portfolios adopt average Bitcoin allocations of 2%–4%.

Source: X

Using a three-times market-cap effect for every dollar entering Bitcoin, River maps those inflows to a $5.5 trillion to $17.5 trillion valuation. That range implies about $250,000 to $840,000 per BTC, although Sumit Gupta questioned both the participation rate and allocatio…

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