Bitcoin bigger than the Internet, as an important expert in the crypto market, Tim Draper, sustains. He also believes that in only five years from now, the Bitcoin and other cryptocurrencies will replace the fiat.
Tim Draper has so much faith in Bitcoin that he considers it to be more important than others developments in the history. It believes that Bitcoin is even more important than the Renaissance or the Iron Age! He had a debate about Bitcoin with Overstock CEO and Bitcoin bull Patrick Byrne. First of all, Tim Draper invested in Skype, Tesla and Hotmail, and after that he invested in Bitcoin. After this investment, Draper realized that Bitcoin is more important that all his investments before.
Bitcoin bigger than Internet
He declared that in the shortest time we will be able to buy almost every item with Bitcoin or other cryptocurrency:
“In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you’re not using crypto. I believe that there will be a point at which you will no longer really want any of the fiat currency.”
There is no denying that Draper has a lot of passion when it comes to Bitcoin. By the end of last year, he had approximately 30,000 BTC, making his portfolio worth around $270 million now. During the debate with the sceptics, he also pointed out that Bitcoin had great market dominance, adding that the first cryptocurrency was likely to win the long term crypto battle against the controversial altcoins.
This is not the first time that he has made huge predictions for Bitcoin. Just earlier this month, he announced that he believed that Bitcoin will reach a price of $250,000 per coin by 2022. That is a lot of growth that has to happen in just four years, but as he claimed that Bitcoin is the leader of all cryptocurrencies, if anyone is likely to do it, it will be Bitcoin.
Only time will tell whether Drapers predictions are correct or not.