Veteran venture capitalist, famous billionaire Tim Draper made important confessions about cryptocurrencies and Bitcoin (BTC) in an interview with the Economic Times. The famous billionaire's statement "threatening governments" for BTC went viral in the crypto industry!

BTC is much better than any fiat currency

Billionaire Tim Draper, while praising Bitcoin in his interview, did not hesitate to say that he thinks Bitcoin is better than any fiat currency. To the question of how crypto regulation and governments should approach, his response, “The authorities must choose between personal power and what is good for society,” made it clear that the famous billionaire views BTC for the benefit of society.

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Decentralization threatens governments

Making suggestions to governments by referring to the benefit of society in terms of adoption, Draper defined Bitcoin's greatest strength as decentralization. The famous billionaire did not hesitate to say that this power threatened the government forces.

Thinking that cryptocurrencies should be adopted despite this power, Draper said, "Countries that adopt cryptocurrencies now will be winners in 40 years." Referring to El Salvador in this regard, Draper did not hesitate to say that "El Salvador is five years ahead of the USA"!

Institutional bitcoin btc

Tim Draper is a famous name who shared a $250,000 price target for Bitcoin in 2023. This famous billionaire, who is well known by the crypto industry, seems to remain on the agenda with his latest statements such as 250 thousand BTC predictions.

Bitcoin price was recorded as $23.85 at the time of writing, according to CoinGecko data, while the last 24-hour trading volume of the leading cryptocurrency Bitcoin (BTC) was $40,243,761,488. BTC price is down -0.9% in the last 24 hours. There is a supply of 19 Million BTC coins in circulation, with a total supply of 21 Million BTC coins.