Timothy Draper who is the Founder and Managing Director of Draper Fisher Jurvetson has recently stated that India will benefit a lot from cryptocurrencies and blockchain as it will enable the government to become more transparent and efficient.
The billionaire venture capitalist is a long-term Bitcoin enthusiast and believes that Bitcoin should be India’s national currency. He thinks that Bitcoin will be acceptable everywhere for transactions within 2-3 years. He also stated other countries will benefit from the ban of cryptocurrencies like Bitcoin in India.
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