RATE Group | Bitcoin Bull Tim Draper Savages India’s Modi Over ‘Luddite’ Crypto Ban
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Bitcoin Bull Tim Draper Savages India’s Modi Over ‘Luddite’ Crypto Ban

26 Jul Bitcoin Bull Tim Draper Savages India’s Modi Over ‘Luddite’ Crypto Ban

Posted at 03:49h in Bitcoin News by

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In a searing attack on the Indian government, Bitcoin bull Tim Draper wrote off the nation’s proposed ban on cryptocurrency as devastating for its economic and technological progress. Draper also cited inherent corruption at the highest level as one of the key drivers behind the alarming legislation.

Tim Draper Bashes Narendra Modi’s Bitcoin Plans

India, modi
Tim Draper bashed India’s proposed crypto ban, comparing it to the Luddites. | Source: Shutterstock

With India on the verge of a complete ban on cryptocurrency, Bitcoin could be outlawed in one of the world’s largest and fastest-growing economies. So it’s unsurprising that Draper, one of the more outspoken (and successful) BTC investors, would take such offense to a ban.

Optimism had been high when Narendra Modi won his second term, primarily because of his reputation as a pro-business leader. For fans of cryptocurrency, this perception has gone up in smoke.

Talking to INC42, Tim Draper did not…

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