Bitcoin Will Be Bigger Than The Internet

World | April 25, 2018, Wednesday // 15:25| Views: | Comments: 0
Bulgaria: Bitcoin Will Be Bigger Than The Internet

Tim Draper, an American venture capital investor believes that Bitcoin will not only continue to exist but it will also become bigger than the Internet.

The investor suggests that bitcoin is "bigger than the internet. It's bigger than the Iron Age, the Renaissance. It's bigger than the Industrial Revolution'' Draper reaffirms his positive attitude that the bitcoin will rise to $ 250,000 in four years.

He was asked how he would compare the digital currency with his early investments in Tesla, Hotmail and Skype. Draper said that Bitcoin will be "bigger than all of them put together."

Tim Draper is convinsed that "in five years you are going to try to go buy coffee with flat currency and they are going to laugh at you because you're not using crypto."  "There will be a point at which you will no longer really want any of the fiat currency."
He feels more secure about his bitcoins than his money staying in the banks.

The CEO of Overstock.com,Patrick Burn supports Draper's oppinion and is also so positive about the security of the cryptocurrency.

"The bicoin has been hacked more than anything else in history and has never been defeated," says Burn. "As far as I know, the banks have been hacked too, and yes, bitcoin is also being used by unpleasant people, as far as I know, they also use US dollars."

According to CoinMarketCap.com, nowadays there are more than 1,500 cryptocurrencies. However in Draper's oppinion bitcoin has a "huge" advantage and is likely to win the "long-term cryptocurrency battle" because of its market share.

World » Be a reporter: Write and send your article
Tags: bitcoin, cryptocurrency, tim draper
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria