Cryptocurrency
Bitcoin, Not Governments Will Save the World After Crisis, Tim Draper Says
As reported by Cointelegraph,”Amid some notable recovery of Bitcoin (BTC) after a number of subsequent market crashes last week, billionaire investor Tim Draper delivered another optimistic forecast about Bitcoin. “In a March 16 interview with 415 Stories podcast, Draper outlined decentralization powered by Bitcoin and other new technologies as a major tool that has the ‘ability to transform the biggest industries in the world.’ “According […]
As reported by Cointelegraph,”Amid some notable recovery of Bitcoin (BTC) after a number of subsequent market crashes last week, billionaire investor Tim Draper delivered another optimistic forecast about Bitcoin.
“In a March 16 interview with 415 Stories podcast, Draper outlined decentralization powered by Bitcoin and other new technologies as a major tool that has the ‘ability to transform the biggest industries in the world.’
“According to Draper, Bitcoin will be one of the most crucial tools in the times of the recovery of the ongoing global financial crisis, opposing the major cryptocurrency to centralized structures like banks and governments. Referring to the interview, Draper tweeted:
“’Entertainment for while you are holed up. When the world comes back, it will be Bitcoin, not banks and governments that save the day.’
“In the interview, Draper expressed confidence that new technologies like Bitcoin and artificial intelligence (AI) have the potential to completely transform all the industries from banking to healthcare and real estate, tapping trillions of dollars of their value. As an example, Draper cited a use case in the insurance industry, arguing that the combination of AI, blockchain-powered smart contracts and Bitcoin is a perfect start for an insurance company…”