Tim Draper: we will use cryptocurrencies as regular money
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Recently held a summit Crypto Invest, which AMTV interviewed renowned venture capitalist Tim Draper. They discussed the future of Bitcoin and the blockchain. The interview touched on various aspects of the niche cryptocurrency, but one of the main themes become the way of the adoption of the main coins, and technology a distributed registry. According to Tim, you can always find «responsible» for the inhibition of proliferation of Bitcoin. This is not to mention the fact that the people themselves yet are reluctant to convert their «paper» cryptocurrency.
theA Powerful shift in this direction can provoke entrepreneurs. They should facilitate access to cryptocurrency for regular people. When everything will start to use cryptocurrency, we even cease to notice the difference. Then society will go even further. People will wonder how many interesting things we can do with bitcoin, which could not obtain for dollars.
the Advantages of cryptocurrencies
He speculate on ways to use cryptocurrency, but also about their characteristics as . In addition, Bitcoin can be easily used for cross-border payments and remittances.
According to experts, the real breakthrough can be expected no earlier than the moment when people will start to buy for cryptocurrency usual stuff. It is important to eliminate this feeling of difference between cryptocurrency and Fiat money. The adoption of cryptocurrencies will be directly linked to the dollar, and we will watch the rise and fall courses. According to Tim, when the price goes up, people will stop doubting crypto and rush to buy them. But if prices will rise too quickly, people will be reluctant to spend the crypt, according to AMBCrypto.
Tim made up his thoughts.
I think that in the long term we will get to . I predict the asymptote around one million dollars per bitcoin, but at the moment we're just free to spend the cryptocurrency, not thinking about government Fiat money.
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