If you don't know that it is Tim Draper, know that this is one of the most influential billionaire investors in Bitcoin in the world. Today, the news is about the winner of thousands of Bitcoins in the Federal Bureau of Investigation's 2014 Silk Road auctions is that Tim Draper has set his sights on the nascent cryptocurrency industry in India.

Indeed, Tim Draper tweeted on 22 March that the recent Supreme Court reversal of the Reserve Bank of India (RBI) ban on banks providing financial services to cryptocurrency companies will spearhead a "renaissance" for the cryptocurrency sector. of the country. The day before, during an interview, the investor said he had "met several Bitcoin startups and cryptocurrencies" during a recent trip to India, adding that "he hopes to be able to finance a number of them".

Economic crisis - an assist for Bitcoin

Tim Draper also stressed the crucial moment of the Supreme Court decision, predicting that the benefits of cryptocurrencies will be highlighted by the deterioration of the global financial system: "The Supreme Court of India and the Indian government have shown that the best ideas in the end prevail, and just in time, because the benefits of Bitcoin and cryptocurrency on current systems will become evident during this crisis. In the long run - Tim Draper predicts that - the current crisis will allow people to recognize that bitcoin is simply a better way. to maintain value and spend money compared to our current banking system ".