Home / Bitcoin News / Tim Draper says In Next 5 Years the Bitcoin will be Accepted Else ‘NOT’ Fiat Currency

Tim Draper says In Next 5 Years the Bitcoin will be Accepted Else ‘NOT’ Fiat Currency

Tim Draper an American venture capital investors, the founded Draper Associates and Draper University assures that in the last 5 years bitcoin will be accepted everywhere globally and only criminals and hackers will use fiat currency.

In the recent 5 years, everyone will start using in five years while conventional cash will undoubtedly wind up optional, predicts venture capitalist and billionaire Tim Draper. In a meeting to Fox Business, he talked about bitcoin is near future potential and why fiat cash will turn just to criminals.

As indicated by Draper, cash left in a bank is more in risk than digital money as bank accounts could be hacked, which has never been the situation with bitcoin. He looked looking his crypto ventures into fiat with moving gold into shells. Draper said, “For what reason would I return in time when I realize that future is in bitcoins!”

Draper additionally responded to JPMorgan Chase recent launch of its own coin, named JPM Coin, as ‘incredible news’, comparing it with “a bellwether akin to Apple welcoming IBM into the PC business”. However, only two years JPMorgan Chase boss Jamie Dimon famously trashed bitcoin, calling it “fraud” and “worse than tulip bulbs.”

The billionaire investor figures out the cost of Bitcoin to reach $250,000 by 2022. He is sure that soon fiat money will be totally replaced by digital assets.

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