Mark Mason
Well-known member
Tim Draper: The World Needs Cryptocurrency
Tim Draper has stated that he believes we need a world currency, and a cryptocurrency may be perfect for that role.
Draper, a VC investor and founder of Draper Fisher Jurvetson, realized that “the world needs this new kind of currency” after cryptocurrency survived and surpassed the price lows of the 2014 collapse of the biggest Bitcoin exchange, Mt. Gox. Draper got into Bitcoin as an early adopter and has only become more confident in cryptocurrency over the years. Draper supported his crypto world currency argument by emphasizing that cryptocurrency helps the unbanked, which currently amounts to 2 billion people. He said that banks will push away anyone that wants to put $20 into an account because it will cost them $200 a year in regulations to maintain.
When asked about the upside, Draper said that the world market for currency is $86 trillion and he thinks that a very large portion will be crypto in the future and he is very excited for the innovation occurring because of crypto. To become a world currency, specific consumer needs must be satisfied.
Reas more: https://www.dashforcenews.com/tim-draper-the-world-needs-cryptocurrency/
Tim Draper has stated that he believes we need a world currency, and a cryptocurrency may be perfect for that role.
Draper, a VC investor and founder of Draper Fisher Jurvetson, realized that “the world needs this new kind of currency” after cryptocurrency survived and surpassed the price lows of the 2014 collapse of the biggest Bitcoin exchange, Mt. Gox. Draper got into Bitcoin as an early adopter and has only become more confident in cryptocurrency over the years. Draper supported his crypto world currency argument by emphasizing that cryptocurrency helps the unbanked, which currently amounts to 2 billion people. He said that banks will push away anyone that wants to put $20 into an account because it will cost them $200 a year in regulations to maintain.
When asked about the upside, Draper said that the world market for currency is $86 trillion and he thinks that a very large portion will be crypto in the future and he is very excited for the innovation occurring because of crypto. To become a world currency, specific consumer needs must be satisfied.
Reas more: https://www.dashforcenews.com/tim-draper-the-world-needs-cryptocurrency/
