But it’s not all doom and gloom for Bitcoin.
In fact, Tim Draper — legendary billionaire investor — claims that “When the world comes back, it will be Bitcoin, not banks and governments that save the day.”
This uplifting quote and more insights were part of a recent interview Tim Draper spoke at.
Mr. Draper is best known for buying BTC in the early days. He’s been a fan ever since and even claimed to have exited the stock market in late 2019 to focus exclusively on cryptocurrencies and the blockchains they’re built on.
But that’s not all he’s known for. Just like John McAfee and Anthony Pompliano, Tim Draper has made big, bold predictions about the rising value of Bitcoin.
One prediction, for instance, really caught the eye of the media. Tim Draper claimed that by 2022 we will see one bitcoin hit $250,000. And he labeled this estimate as “conservative.”
But will Tim Draper’s prediction be spot on? Or will it fizzle away like John McAfee’s myriad big-name predictions?
Well, to Tim Draper’s credit, he is a pioneer of business ventures in the U.S. — which led him to be a co-founder of Draper Fisher Jurvetson Venture Company.
In fact, Tim Draper’s involvement with cryptocurrency has helped him become one of the major advocates for the whole crypto industry.
Now he is putting his money where his mouth is by investing in technology developments in blockchain. One of the most recent ones is DeFi Money Markets DAO — which may have major potential in decentralized finance. Specifically, Mr. Draper bought a fairly good size stake in the upcoming governance token DMG.
These types of ventures give Tim Draper credibility when he says that decentralization powered by Bitcoin and AI has the “ability to transform the biggest industries in the world.”
Apparently, once the Coronavirus threat is over and the world embarks on the long hard journey of recovery, it’ll be Bitcoin that…