Veteran Investor Makes A Bold Prediction About Bitcoin And The Future Of Money



Bitcoin has climbed this week as market bulls try to chase away the bears that have been in control for over a year, with the bitcoin price soaring briefly above the psychological $4,000 mark yesterday.


The bitcoin price has struggled to break out of its long-running bear market so far this year, with investors and traders desperately trying to call a bottom to the tumbling market that's seen the value of bitcoin and other cryptocurrencies fall by more than $400 billion in a little over a year.


Now, veteran investor and renowned bitcoin bull Tim Draper has predicted it will be just a few short years before everyone is using bitcoin and it will be just criminals who want to hold onto cash—advising people to invest "before it's too late."


Bitcoin has climbed this week as market bulls try to chase away the bears that have been in control for over a year, with the bitcoin price soaring briefly above the psychological $4,000 mark yesterday.


The bitcoin price has struggled to break out of its long-running bear market so far this year, with investors and traders desperately trying to call a bottom to the tumbling market that's seen the value of bitcoin and other cryptocurrencies fall by more than $400 billion in a little over a year.



Tim Draper Projects

Now, veteran investor and renowned bitcoin bull Tim Draper has predicted it will be just a few short years before everyone is using bitcoin and it will be just criminals who want to hold onto cash—advising people to invest "before it's too late."


The bitcoin price has fallen steadily since then, however, losing more than 80% of its value and dragging down the wider cryptocurrency market in a rout labeled "crypto winter" for its debilitating effect on the burgeoning sector.


Draper pointed to bitcoin's nascent lightning network, designed to speed up and lower costs for smaller bitcoin transactions, as a reason to expect bitcoin adoption to ramp up in coming years.

"As [bitcoin's lightning network] permeates the system it will make it much easier to use your phone to buy things with bitcoin. In five years we'll try to use fiat money to buy coffee and the barista will laugh."



Billy Bamborough gave this view via Forbes in February, 2019.





Today’s Reality



As at today, the price of Bitcoin is up once again, and as the bulls rage, the market cap has gained over $40 billion. You might as well jump in!

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