News Global Transition From Fiat To Crypto Is Imminent, Says...

Global Transition From Fiat To Crypto Is Imminent, Says Billionaire Tim Draper

-

- Advertisment -

Billionaire investor in Skype, Hotmail and Tesla says that people around the world will eventually choose crypto and Bitcoin over the government-controlled fiat.

In a brand new interview with TheBitcoinOfCryptoStreet, Draper said that it’s definitely time that governments switch from a mentality of control to another one – of service.

“The great thing about cryptocurrency is that it is not tied to a government. Governments control you by controlling your currency. Governments have to switch from control to service. Governments have to start thinking in terms of, ‘How do I attract citizens to my government?’ as opposed to ‘You live here, you work for me,’” he said.

Draper continued and said “And I think that is going to be a change that’s slowly starting to happen around the world. I think the Japanese government has recognized this…”

He stated that when people heard that Bitcoin is a national currency in Japan, this attracted them there and he was referring to entrepreneurs, businesses and money.

They decided to go there because they saw that Japan is thinking about the future, he said.

Fiat vs. crypto

Draper also made sure to highlight the fact that government-issued fiat currencies cannot compete with crypto in the long term.

He motivated his bullish views with the fact that no one will ever want to hold onto a currency that’s ties to a government when there are other options.

By other options, he meant a currency that’s just as good, but it’s decentralized and not tied to a government.

He said that people would move eventually to Bitcoin and crypto, but this transition will take time.

This year, bullish predictions regarding the price of Bitcoin and mainstream adoption of crypto flooded the crypto space.

After the bearish 2018, 2019 is expected to be a better year in terms of prices, but also regarding mass adoption.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Global Transition From Fiat To Crypto Is Imminent, Says Billionaire Tim Draper

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you