American billionaire calls Modi government “pathetic and corrupt” over its bitcoin stance

Ananya Bhattacharya
American billionaire calls Modi government “pathetic and corrupt” over its bitcoin stance

India’s tough stance on cryptocurrencies has irked the American billionaire and venture capitalist Tim Draper. On July 17, Draper, best known for his investments in companies such as Baidu, Hotmail, Skype, and Tesla, lashed out on India’s Narendra Modi government calling it “pathetic and corrupt” for its disapproval of bitcoin. People behaving badly! India's government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it.