3 min read.Updated: 13 Mar 2021, 07:16 PM ISTNeil Borate
'Bitcoin and cryptocurrency in general are technologically better than fiat currencies like the dollar and rupee. They will naturally displace the latter'
In 2017, the price of bitcoin rose from $1,000 to almost $20,000. ZebPay, owned by Mahin Gupta, Saurabh Agarwal, Sandeep Goenka, was then India’s largest cryptocurrency exchange. However, when prices of the cryptocurrency crashed in early 2018 and the RBI came out with a ban on crypto-related payments, business came to a standstill. A shift to Australia and Malta, and crypto-to-crypto trading didn’t salvage the business. The owners sold out to Rahul Pagidipati, an Indian origin lawyer in the US. Pagidipati does not fit the standard profile of a crypto professional. He is not a coder, nor a software engineer. Instead, he has spent most of his working life managing his family office and investing in and running health insurance companies. Mint spoke to Pagidipati to understand his journey into the crypto space and where he is headed now. Edited excerpts of an interview:
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