Tim Draper Will Make Bitcoin a National Currency if He’d Became President

  • Tim Draper made quite a headline today on his latest interview with CoInDesk’s Danny Nelson.
  • Bitcoin as a national currency is every crypto enthusiast dream come true.
  • Tim Draper also pitched some other schemes he had In his mind such as breaking California into six states, Release Ross Ulbricht.

One day president: Tim Draper

Tim Draper, founder of DFJ Venture Capital and Draper Associates. He is also an early investor in companies such as SpaceX and Tesla. He made quite a headline today on his latest interview with CoInDesk’s Danny Nelson.

The topic of an interview that made a spark was what Tim Draper would do if he will be president for a day? And his answers were impressive.

He replied by starting with making Bitcoin a national currency to drive decentralization. He will even try out a UBI/tax system using Bitcoin, starting with tiny amounts to everyone and will rise as the currency spread.

Bitcoin: National Currency

Making Bitcoin a national currency is every crypto enthusiast dream come true. If Tim Draper means it and he is not standing for election, then he doesn’t know how many votes he is losing right, which could make his vision true with crypto enthusiast dream.

Making Bitcoin a national currency as a concept is a big thing. Especially when a country like America announces that it is making Bitcoin national currency that would mean it recognized a digital currency that is not regulated by any government and a provide complete anonymous transaction.

The notion will trigger other countries to follow the lead of America, which hypothetically in this context accepted the Bitcoin and start using it daily. The other countries will soon make their versions of digital currencies.

The prime example of a country launching a digital currency can be seen in Japan, which not yet launched but working on the initial stage to launch its version of virtual assets named Digital Yen.

Bitcoin’s one of the most talked benefits will be utilized all over the world that is a quick and cheap transaction. Millions to the trillions worth of assets will be transferred via bitcoin in an instant and much cheaper than any means currently in the market for fiat currency.

Tim Draper also pitched some other schemes he had In his mind such as breaking California into six states, Release Ross Ulbricht, who got arrested in 2011 for creating and operating the famous market place called Silk Road in darknet.

He will also have people use Aragon for trial by jury. Make any increases in government worker salaries tied to GDP growth, not to CPI. Eliminate the 33 and 40 Acts that keep the rich people rich and people poorer and many more.

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Sateesh Swaminanthan
I am a techsavy, otaku and Crytogeek. loves to talk and write about latest tech, new anime and happenings in Cryptosphere.

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