The Power of Bitcoin Over The Internet.

A popular expert in the cryptocurrency field Tim Draper has made a bold statement that assume Bitcoin could be bigger and more powerful than the internet, and goes even further suggesting that the No. 1  cryptocurrency could actually replace fiat currency in just five years from now.

During his speech he as ell mentioned that he believed that Bitcoin was actually much bigger and more powerful than other major developments in human history like  Renaissance and the Iron Age! This kind of bold statement was made at a debate that took place with Overstock CEO and Bitcoin bull Patrick Byrne, where they discussed cryptocurrencies with two sceptics. Bitcoin millionaire Tim Draper compared Bitcoin and the whole blockchain technology to his early investments in Skype, Tesla and Hotmail, but noted that Bitcoin would be bigger and stronger compared with them.

He mentioned that we will be buying everyday items with the popular cryptocurrency in no time at all, saying;

“In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you’re not using crypto. I believe that there will be a point at which you will no longer really want any of the fiat currency.”

It can not be denied that Draper has a lot of passion when it comes to Bitcoin. By the end of last year, he had about 30,000 BTC, which now stands at about $ 270 million. Draper during the debate with the sceptics also noted that Bitcoin had great dominance in the market, adding that the first cryptocurrency was likely to win the long term crypto battle against the competitive altcoins.

This is not his first huge predictions for Bitcoin. Just earlier this month, he announced that he believed that Bitcoin will reach a price of $250,000 per coin by 2022.

Only time will tell whether Drapers predictions are correct or not.

 

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