Billionaire investor and (BTC) bull argued that in five years, only criminals will use fiat as crypto becomes universally widespread. Draper made his claims in an interview with American financial news tv channel released on Feb. 18.
Reiterating his previous statements that will become laughable and obsolete in five years, Draper has elaborated on his forecast, stating that nobody but criminals will keep using cash, since criminals who use crypto can be tracked via . He said:
“The criminals will still want to operate with cash, because they catch everybody who is trying to use ₿itcoin.”
In August 2018, an agent of the Drug Enforcement Administration (DEA) that she prefers people to keep using cryptocurrencies, as the blockchain provides tool to identify criminals.
In the interview, Draper also said that he believes his money in the to be less secure than his money in ₿itcoin. “My bank is constantly under a hack attack,” Draper has stated, adding that to date, nobody has managed to ₿itcoin’s .
Claiming that his ₿itcoin is more secure than a is, the ₿itcoin billionaire has compared cashing out from ₿itcoin with exchanging gold into shells, arguing that there is no sense to go back in time as the future is about ₿itcoin and other cryptocurrencies.
When asked how much crypto he holds, Draper provided a short response: “a lot.”
Draper’s recent statement has echoed the stance of young ₿itcoin millionaire Jeremy Gardner, who that the existing financial system is much more culpable for things like terrorism and crimes than blockchain technology perhaps will ever be.
In November last year, Tim Draper his April 2018 ₿itcoin that the biggest cryptocurrency will trade as high as $250,000 per coin by 2022. Meanwhile, ₿itcoin has seen significant growth recently, having jumped around 7.6 percent over the day and trading at $3,907 at press time, according to .
Published at Mon, 18 Feb 2019 18:33:00 +0000
