Tim Draper Explains Why He Is So Bullish on Blockchain and Cryptocurrencies

in tech •  7 years ago 

Legendary Billionaire Tech Investor Tim Draper Explains Why He Is So Bullish on Blockchain and Cryptocurrencies.

Why Is He So Bullish on Cryptocurrencies?

"Right now, there's $86 trillion of fiat money out there... That's the currency of the world... And my projection is that the market will probably double, and the reason it will double is money will move faster with cryptocurrency, and slowly but surely, cryptocurrency will overtake the fiat currency because it's just better currency: it's frictionless, it's decentralized, it's global."

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Tim drapper big name

Great crypto expert

Really bullish, has been for a long time, his silk road bitcoin auction win added a lot to his position, and that paid off extremely well.
Here is a quick video talking a bit about Tim's outlook:
https://steemit.com/bitcoin/@heavybags/bitcoin-this-weeks-crash-what-happens-to-the-cryptocurrency-market-next