Cryptocurrencies are the Next Big Thing that will Overpower Fiat: Experts

Cryptocurrency market has lots of supporters in the form of famous industry experts who believe it is going to be the next big thing after the internet. Despite, fluctuating market, they are all about crypto.

Tim Draper & Neu-Ner on crypto

The Billionaire Investor, Tim Draper has been all about crypto as in April he predicted bitcoin price to hit $250k in 2022. Recently, Tim Draper expressed his opinion on crypto overtaking the fiats:

“Cryptocurrencies are the next big technological tectonic shift and governments have to weigh their need to protect investors with their need to be included in this potential economic powerhouse that is crypto. I believe cryptocurrencies will overtake fiat currencies in the next five to seven years.”

Talking about the growth of bitcoin and crypto market, he added,

“I estimate that fiat currencies will actually decrease in use, and that crypto will become as much as $100 trillion of that market. I expect Bitcoin to be about 10% of that market, or $10 trillion. There is a lot of room to grow there.”

Another crypto enthusiast is the cryptocurrency trader Ran Neu-Ner who believes that bitcoin may hit new lows, but in the long-term the market is still at under development stage. The CEO of blockchain investment company Onchain Capitalist bullish on the future of the crypto market. Talking about the recent market fluctuations, Neu-Ner said that while these kinds of fluctuations might drive away day traders, long-term investors and believers in blockchain should always look to the broader future of the market.

Also, read: Eurozone Financial Crisis to Bring in a Raging Bitcoin Revolution

What Wozniak and Dorsey have to say about it?

Apple’s co-founder Steve  Wozniak has been positive on crypto unlike Bill Gates and Warren Buffett.
“Blockchain is the next major IT revolution that is about to happen.” According to Wozniak, the major advantage of  Bitcoin is that there is only a limited amount of coins, while fiat money, like the US dollar or euro, can easily be printed by banks. Wozniak also shared his positive outlook on blockchain stating the fact that there are many useful applications for the technology in a number of areas.

Dorsey, the chief executive officer of Twitter Inc. and Square Inc also positively commented on Bitcoin, stating,

“The internet deserves a native currency; it will have a native currency. I don’t know if it’ll be Bitcoin or not but I hope it will be.”

As per Dorsey this technology can have so many positive outcomes, he emphasized on working to educate regulators and educate the SEC on why this technology is important. This wasn’t the first time Dorsey and Wozniak had spoken keenly on cryptocurrencies, both of them have been seen commenting positively on digital currencies at various conferences. The recent comments have made a positive impact on the public.

Billionaire Tim Draper sees a lot of potential in crypto while Crypto trader Ran Neu-Ner, Apple’s co-founder Steve Wozniak and Jack Dorsey shares their positive sentiments on crypto and blockchain technology. While Ran Neu-Ner focused on the benefits for long-term investors,  Jack Dorsey and Steve Wozniak showed that they were completely in sync with their view that digital currency is the way to future.

Do you think Cryptocurrency is a way to future? Do share your views with us.