American Billionaire Says Governments Are Threatened By Bitcoin

Governments are threatened by bitcoin’s power: Tim Draper

In an interview with the Economic Times, veteran venture capitalist Tim Draper talked about crypto regulations and the industry’s future.

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Tim Draper called bitcoin a much better currency than any fiat currency.

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When asked about regulating crypto and what approach should the government take, Draper said that govt. officials need to choose between personal power and what’s good for society.

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He further added that governments feel their power threatened by this decentralized world.

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Tim Draper opined that countries that embrace cryptocurrencies now will be the winners in 40 years.

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Draper cited El Salvador’s example when it comes to embracing cryptocurrencies and said that it is five years ahead of the United States.

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Tim Draper has famously predicted that bitcoin will reach $250,000 by the end of 2023.

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