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Tim Draper Hopes to Get Further Involved in the Crypto Revolution of India

Tim Draper Hopes to Get Further Involved in the Crypto Revolution of India
  • Tim Draper has just put India’s India’s emerging industry in the crypto world in his crosshairs.
  • Draper took to Twitter to say that the Supreme Court’s reversal India’s ban on banks will drive a Renaissance for the cryptocurrency sector in the nation.

Tim Draper, the billionaire investor who is a big enthusiast of cryptocurrency and bitcoin, has just put India’s India’s emerging industry in the crypto world in his crosshairs.

At the end of last week, Draper took to Twitter to say that the Supreme Court’s recent reversal of the Reserve Bank of India’s ban on banks will drive a Renaissance for the cryptocurrency sector in the nation.

Speaking in an interview on the 21st of March, Draper said that he “met several Bitcoin and crypto startups”, adding he “hope[s] to be able to fund a number of them.”

He also went on to say that the timing from the Supreme Court was vital. He predicted that the benefits of cryptocurrency will be highlighted as the global financial system deteriorates. 

He further said:

“The Supreme Court of India and the Indian government have shown that the best ideas ultimately prevail, and just in time, because the benefits of Bitcoin and crypto over current systems will become apparent during this crisis.”

When it comes to a long-term production though, Draper has said that the current crisis of the coronavirus “will allow people to recognize that Bitcoin is simply a better way to hold value and spend money than through our current banking system.”

For more news on this, token values such as Ethereum and other crypto updates, keep it with CryptoDaily!

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