According to famous venture capital investor and billionaire Tim Draper, the US dollar era is numbered. Draper predicted the end of the US dollar, saying in his latest interview that the future may not support the currency well. As the global economy is consistently pivoting towards a world of multipolar currencies, here we see how the US dollar continues to fall, overwhelmed by new assets with solid support and strategic plans.
Draper warns about the end of the US dollar
In a recent interview, Draper shared how the US dollar is heading towards its end for. Draper later predicted the year-end price of BTC, adding that the asset could reach $250,000 by the end of 2025.
“I said that Bitcoin will cost $250,000 by the end of the year. But you’re 10 years. The answer is infinite for the dollar, so there’s no dollar. You don’t have to have dollars.”
Venture capital investors later shared the same reason, adding ways that Bitcoin continues to add value to the system, making it easier for the world to trade and interact.
“If you can buy food, shelter, clothes and pay all your taxes in Bitcoin, that’s a better way to collect taxes. Certainly.
Draper wants people to throw away their money. This is the reason
In the interview, Draper also shared how he witnesses people buying money due to the growing fear of inflation. The billionaire later shared that he fails to understand new technologies and their evolution, and believes that investing in gold is similar to returning to the dark ages simply because it resembles Bitcoin’s status as digital gold.
“But I want to be money, and that’s what people say. Oh, we have to buy money because we are afraid of inflation. It’s like going back to the dark ages. wHere I’m on a horse or on a buggy. This is because electric cars and flying cars are scary. That’s ridiculous. The progress moves forward. It does not move backwards. So these people, they’re trying to – oh, I’m just going to buy money. You can’t spend money on buying coffee at Starbucks. But you’re going to shave some for each cappuccino. That makes no sense. ” The draper boldly insisted
Additionally, Draper shared his vision on Bitcoin, saying that BTC is the best source of “value preservation”.
“Yeah, Bitcoin is now the best source of value on the planet, and will ultimately become the currency that we all use.”
https://x.com/swan/status/1927727021062500606?t=r8p6xzp-scgurxterlwvza&s=19
