Venture Capitalist Bets Big: ’Bitcoin Will Eclipse the Dollar’
Move over greenbacks—crypto’s heavyweight contender is gunning for the throne. A prominent VC just doubled down on Bitcoin’s supremacy, claiming it’ll outvalue the world’s reserve currency. Bold? Absolutely. Delusional? Wall Street bankers are already rolling their eyes—between martini sips, of course.
Why this matters: If the prediction holds, we’re looking at the mother of all financial flips. Store-of-value narratives gain ammo while fiat defenders clutch their pearls. But remember: this is the same industry that called ’stablecoins’ stable.
Venture Capitalist Explains Bitcoin Has More Power than the US Dollar
Draper explained that Bitcoin could win in the long run as the US dollar is being manipulated by the government and the Feds. He stressed that BTC is transparent and no entity or government can control the blockchain technology.he said.
The venture capitalist added that transparency of Bitcoin and the distrust in the US dollar makes BTC a trustable asset.he opined.
The analyst also stressed on gold and dismissed that it could replace Bitcoin and the US dollar. The gold standard-based functioning of the economy is history, he said indicating that the future is BTC.
Draper warned that when the US financial system breaks down and people rush to the banks for cash, those having Bitcoin could rule the roost.he summed it up.