Balaji S. Srinivasan, the former CTO of crypto startup Coinbase and former General Partner at VC firm Andreessen Horowitz, recently wrote a blog post titled “ Why India should buy Bitcoin Why India should buy Bitcoin Balaji S. Srinivasan Why India should buy Bitcoin Read more ”.
Why India should not buy Bitcoin
No, India shouldn't ban crypto. But should India buy Bitcoin as acclaimed investor Balaji Srinivasan advocated in a recent essay? Hardly
Even as India looks set to ban cryptocurrencies, acclaimed investor Balaji S Srinivasan exhorted the Indian government to buy Bitcoin
Srinivasan argues that this could help "defend national security" and would boost India's economy to boot
Closer scrutiny, however, makes the advantages far less clear. Some suggestions solve non-existent problems, others create problems of their own
While India shouldn't ban cryptocurrency, buying Bitcoin would be equally foolish