Tim Draper: Bitcoin Is The MOST Secure Place To Put Your Money!

14.05.2018

Tim Draper, an American venture capitalist and founder of Draper Fisher Jurvetson (DJF), made another statement on Bitcoin on CNBC's "Closing Bell" television show on Thursday. He said that the most popular cryptocurrency in the world is "the best option for investing money".

Draper has more than once publicly stated his love for cryptocurrencies - even over the past six months, he often spoke about their advantages. He recently said that by 2022 Bitcoin would cost $ 250,000, and in February of this year he predicted that "cryptocurrents will conquer the world". In the autumn of last year, he made an even bolder statement, saying that in five years the cryptocurrencies would take the place of fiat money. Last week, he also did not miss the opportunity to once again hype Bitcoin.

He said:

"There is a revolution that now allows you to get a better currency - safer, decentralized, more efficient and useful. It affects the whole world. It is available to all. It allows people to send money to their families in the Philippines or Mexico without problems. This is a much better currency than traditional money. "

A lot of skeptics still prefer state currencies and traditional banking infrastructure. Draper, however, considers such preferences unreasonable:

"Banks are constantly attacked. Hackers find gaps in your banks and go for your money, and bankers fight back, trying to prevent burglary, but without success. No one managed to crack Bitcoin's blockchain. This is the safest place to place your money. As a way to save capital - this is an excellent option."

Although this may seem stupid for an uninitiated or skeptical investor, Draper called for thinking about the currency problems in countries with crumbling economies. He said:

"If you are in Argentina, Venezuela or Nigeria, you know that the state currency will lose 30% each year, the economy of these countries can collapse at any moment. People can lose their fortune. But if part of your state is put into Bitcoin, you can save it. "

Finally, Draper told CNBC reporters that Bitcoin is not just a fad. Rather, it is the "future of the world". He explained:

"There are many reasons for this, as well as the possibilities of using it. Bitcoin will seriously affect the future of the whole world. This is a breakthrough, and I cannot wait until we all use a single currency, independent of the desire of politicians. This is an excellent opportunity for people to manage their companies, not to depend on political whims. "

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