Tim Draper: BTC is an incredible cryptocurrency that will free people

In an interview with The Bitcoin of Crypto Street, venture capitalist Tim Draper announced that Bitcoin would give humanity freedom. In addition, cryptocurrency now opens up access to budget transfers of funds worldwide without any problems.

Draper remembered the various forms of payment – from shells to gold, and noted that in the 21st century, traditional currencies are based on faith in the government. BTC, however, appears to be a completely unique means of payment – the asset is not controlled by any government and is designed to participate in international payments.

In addition, BTC acts as an excellent means of accumulation, in addition, transactions with cryptocurrency, compared with operations through banking institutions using credit cards, are much cheaper. According to Draper, BTC provides freedom, as governments use national currencies to control the population.

About 800,000 transactions are processed daily on the Bitcoin network. This is not so much compared to the performance of Visa and Mastercard systems, even though the flagship cryptocurrency blockchain is much faster. However, crypto enthusiasts believe in the potential of BTC, in particular, that over time, cryptocurrency will become more widespread, since Bitcoin allows you to exchange even large amounts of funds at low tariffs without any geographical restrictions.