Tim Draper: Bitcoin Will Be Adopted on a Massive Scale
Venture capitalist and billionaire Tim Draper has said during an interview with FOX Business that sooner or later the whole world will accept Bitcoin.
He has explained:
“Bitcoin is accepted all over the world, and it is just an amount of time that retailers recognize they can save 2% by accepting Bitcoin. They don’t need to pay banks and the credit card manufacturers.”
According to Draper, BTC will transform the spheres of commerce and currencies. Among the advantages of Bitcoin, the investor has highlighted “a trusted third party, which are hundreds of thousands of nodes” to guarantee the authenticity of transactions.
Draper has reiterated earlier this month his prediction that BTC will reach $250,000 and, in his opinion, this will happen in 2025. In 2018, the investor first predicted that Bitcoin would cost $250,000 by 2022.
Earlier this month, Standard Chartered Bank analysts predicted the crypto will reach $50,000 this year and $120,000 next year.