Post
Topic
Board Economics
Re: Will India be more progressive in the coming years?
by
so98nn
on 23/03/2020, 11:39:08 UTC
One good news from this article of : https://cointelegraph.com/news/tim-draper-wants-to-invest-in-the-coming-crypto-renaissance-in-india

Quote
Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry.

On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector.

India as the 2nd biggest in terms of population, being positive with crypto might do something positive in with their economy in the future.

What do you see years from now that India will achieve due to this declaration of lifting the ban of cryptocurrency?

I see amazing future ahead. Once we get out of corona crisis (fingers crossed) then first step would be stabilising ourselves from the economic crisis that we had. Then next step would be developing versatile projects that will motivate people to invest more into bitcoin and other altcoins.

Hopefully many genuine projects will take shape now and will call for big investors into the market. Not only this, with India's decision on removal of illegal allegations it middle man who will also think about the bitcoin as a way to investment.

I have seen huge number of indians who are involved into the stock markets and always looking for the opportunities. Then bitcoin would be their one step ahead.