Bitcoin to Replace U.S. Dollar as Global Reserve Currency Within a Decade, Predicts Tim Draper
Venture capitalist and billionaire investor Tim Draper has reiterated his strong bullish stance on Bitcoin, predicting that the cryptocurrency will replace the U.S. dollar as the global reserve currency within the next ten years. Draper shared his vision during a recent Spotlight interview with CoinDesk, emphasizing Bitcoin's potential to become the foundation of international commerce. He highlighted that once Bitcoin is widely accepted for everyday transactions such as buying food, clothing, and shelter, its adoption will skyrocket. Draper's confidence in Bitcoin's future underscores the growing belief among investors that digital assets will play a pivotal role in the future of finance. As of June 2025, his prediction continues to spark debates and discussions within the financial and cryptocurrency communities.
Billionaire VC Tim Draper Predicts Bitcoin Will Replace U.S. Dollar Within a Decade
Venture capitalist Tim Draper has doubled down on his bullish Bitcoin stance, forecasting the cryptocurrency will supplant the U.S. dollar as the global reserve currency within ten years. The billionaire investor's remarks came during a Spotlight interview with CoinDesk, where he outlined a vision of Bitcoin becoming the foundation of international commerce.
"Once I can buy my food, my clothing, my shelter, pay my taxes all in bitcoin - and it's a better way to collect taxes - there won't be any reason to hold dollars," Draper stated. His prediction hinges on Bitcoin reaching $250,000 by 2025 before ultimately rendering fiat obsolete. "It will be infinity against the dollar because there won't be a dollar."
Morgan Stanley Crypto Chief Exits to Launch DeFi Fund in Switzerland
Andrew Peel, former head of digital asset markets at Morgan Stanley, has departed to establish a crypto investment and technology firm in Zug, Switzerland. The venture will specialize in tokenized funds and trading tools designed to bridge traditional finance and decentralized finance (DeFi). Peel, a seasoned trader with experience at Credit Suisse and Morgan Stanley, stepped down in March and is preparing to initiate fundraising efforts.
Peel's exit coincides with Morgan Stanley's plans to introduce retail crypto trading on E*Trade next year, expanding beyond its institutional Bitcoin fund offerings launched in 2021. The MOVE reflects Wall Street's accelerating interest in digital assets, driven by evolving U.S. policies and growing institutional demand for tokenized funds, as seen with firms like BlackRock and Franklin Templeton.
GFO-X Launches UK’s First Regulated Crypto Derivatives Platform
The UK has taken a significant leap in digital finance with the launch of GFO-X, the nation's first regulated and centrally cleared trading platform for cryptocurrency derivatives. Approved by the Financial Conduct Authority (FCA), the platform caters to institutional investors—hedge funds, asset managers, and proprietary trading firms—offering a secure venue for Bitcoin index futures and options.
GFO-X's partnership with LCH DigitalAssetClear ensures robust margin and risk controls, addressing counterparty risk concerns prevalent in crypto markets. This development marks a maturation of crypto infrastructure, aligning it with traditional financial standards.
Steak ‘n Shake Embraces Bitcoin with Website Overhaul and Payment Integration
Steak ‘n Shake has positioned Bitcoin at the forefront of its digital strategy, prominently featuring the cryptocurrency's logo and name on its revamped homepage. The move signals a deeper commitment to crypto adoption, with plans to accept BTC payments across all U.S. locations starting May 16, 2025.
The restaurant chain's website now showcases Bitcoin-themed graphics, including a playful "Steaktoshi" reference, blending brand identity with crypto culture. This corporate endorsement reflects growing institutional acceptance of digital assets as legitimate payment instruments.
