Tim Draper: "The world is ready to abandon the dollar in favor of bitcoin"
The billionaire and founder of Draper Associates said that bitcoin is able to replace the American dollar and all other national currencies soon enough.
Tim Draper announced on the Bloomberg Crypto channel that he believes in the bitcoin revolution of the global economy. Against the background of the growing investment attractiveness of the asset from private and corporate capital, BTC is able to replace any fiat coins in daily operations soon enough.
The businessman believes that the world is on the threshold of a time when people "will no longer want dollars," and every member of society will give their preference to the flagship cryptocurrency. The bitcoin revolution will be able to happen naturally, as a result of the mass withdrawal of bank funds, similar to what happened to the Confederate dollar after the end of the American Civil War in 1864, the billionaire assured.
The billionaire drew the attention of the leading Bloomberg Crypto that there are already shifts in the world towards the future bitcoin revolution. Argentines and Nigerians no longer trust their pesos and naira, preferring to do business in cryptocurrency, and El Salvador has adopted the BTC as an official settlement instrument. Tim Draper believes that against the background of the crisis processes in the United States, the deep penetration of bitcoins into national economies will only increase, and the citizens of the world will "eat, drink and dress for bitcoins."
The day before, the European Central Bank criticized the position of the U.S. Securities and Exchange Commission (SEC), saying that the approval by the U.S. regulator of spot ETFs for bitcoin puts investors in danger.
Source: https://bits.media/tim-dreyper-mir-gotov-k-otkazu-ot-dollara-v-polzu-bitkoina-/
