Tim Draper is Considering Investment in Indian Crypto Startups

written by

Tim Draper is Considering Investment in Indian Crypto Startups

Support free journalists: > send a tip

  • Popular cryptocurrency investor Tim Draper says that he is interested to fund Indian crypto startups. The Supreme court of India had made crypto financing legal in India last Wednesday.

Tim Draper, who is a popular investor and the holder of thousands of bitcoin courtesy his win in the Federal Bureau of Investigation’s Silk Road auctions of 2014, has expressed his interest in investing in the embryonic crypto industry of India.

After the Supreme Court of India allowed the resumption of crypto-based financial services in India, thereby reversing the ban imposed by RBI, the nascent crypto industry of India is showing signs of booming. Draper, on 21 March stated that in his recent trip to India, he had met various crypto and Bitcoin startups. He also said that he hopes he could fund these startups.

Draper believed the importance of crypto will be brought out by the deterioration of the global financial system. He stated:

“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.”

In addition, he said that in the long term, people will understand that Bitcoin is a better currency than our current financial system.

Draper, however, is not the only one looking to invest in these crypto companies. As previously reported by BitcoinNews.com, Binance and WazirX announced a funding of USD 50 million for the blockchain startups in India.


BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

Help spread this article :)


Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter