According to billionaire Tim Draper, after about five cryptocurrencies will be able to push fiat money from the market.
This forecast businessman voiced during his recent interview with Fox Business. Draper believes that the last period in history is approaching when the fiat currency remains dominant in the global market. In about five years, people will have no reason to have fiat money, and they will begin to switch massively to digital currencies.
Draper is known for not only being one of the first to invest in cryptocurrency in 2014, but also predicted Bitcoin growth to $ 250,000. According to Draper, this will happen in the near future.
Only in 2014, according to the businessman himself, he earned more than $ 110 million on investments in the main cryptocurrency , and then his income steadily increased.
In his last interview, Draper said that after cryptocurrencies dominate the market, fiat money will only be used by criminals.
He admits that Fiat will continue, but the volume of its use will be insignificant and will not have any impact on the market.
People will start launching cryptocurrency wallets on a massive scale, where they will store the most significant digital currencies and use them to pay for goods and services, the financier added.
Publication date 02/19/2019
Share this material on social networks and leave your opinion in the comments below.
