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Kristina Frunze

24 April 2018

Forex

Crypto Expert Tim Draper Says Bitcoin is Bigger than Internet

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Crypto expert Tim Draper says Bitcoin is bigger than Internet, while also comparing it to other major developments in human history. He believes that cryptocurrency will replace fiat in just some five years from now on.

24 April, AtoZ Markets Tim Draper, a well-known figure in the crypto community and a venture capital investor has recently stated that Bitcoin is “bigger than Internet.” He has also added that the pioneer cryptocurrency is bigger than several other major developments in human history, those including the Renaissance and the Iron Age.

Crypto Expert Tim Draper Says Bitcoin is Bigger than Internet

Tim Draper has taken part in the debate along with Overstock CEO and Bitcoin bull Patrick Byrne. They have been discussing the matter of crypto with two cryptocurrency skeptics. During the debate, Mr. Draper has compared Bitcoin and Blockchain as a whole to his early investments in Skype, Tesla, and Hotmail.

He also stated that Bitcoin would be “bigger than all of those combined.” Mr. Draper went on to say that the scale and importance of Bitcoin and Blockchain surpass that of major technological developments. He has stated:

“It's bigger than the Iron Age, the Renaissance. It's bigger than the Industrial Revolution."

He also has reiterated his Bitcoin forecast that in five years from now, cryptocurrencies will replace fiat:

"In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you're not using crypto. I believe that there will be a point at which you will no longer really want any of the fiat currency."

Bitcoin Price Forecast from Tim Draper

It is known that as of December 2017, Mr. Draper had around 30,000 BTC in his portfolio, which he has purchased in one of the US Marshals Bitcoin auctions back in 2014. In case he is still holding this amount of Bitcoins, his portfolio is now worth around $270 million.

During the debate, Draper has also noted Bitcoin market dominance. He has added that this cryptocurrency is most likely to win the “long-term crypto battle” against altcoins. In the meantime, its dominance is currently accounting for around 38 percent. This number dropped from 44 percent monthly high figure.

Earlier this April, Bitcoin bull Draper has forecasted that BTC will reach $250,000 per coin by 2022. He has also claimed that “Bitcoin is clearly the leader” among all cryptocurrencies.

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Tim Draper Bitcoin

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