Bitcoin Will Be More Valuable Than the US Dollar: Venture Capitalist
Leading venture capitalist Tim Draper weighed in on the financial pros and cons of Bitcoin and the US dollar. He opined that BTC would have more value than the USD in the future as trust in fiat currencies is eroding. The Federal Reserve is printing billions worth of bills every year and pushing them to circulation both in the homeland and overseas. The US dollar being imported funds its deficits while other countries bear the risk of inflation through it. Also Read: Shiba Inu: The Price SHIB Must Reach to Make $1,000 Turn to $1 Million Venture Capitalist Explains Bitcoin Has More Power than the US Dollar Source: News.Bitcoin.com 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. “Bitcoin might be worth an infinite amount of USD,” he said. Also Read: PEPE Hits Key Bollinger Zone: Another 20% Rally I...