Tim Draper declared: 'I'm still a bull on Bitcoin because it's a great hedge against inflation, and as speculators leave it will diverge from tech stocks.'
I’m still a bull on Bitcoin because it’s a great hedge against inflation, and as speculators leave it will diverge from tech stocks. I do believe that tech stocks will keep going down as long as interest rates keep going up.He extended his vision of bitcoin as an inflation hedge asset, stating that this trait of the currency can be appreciated only in the long term, and noted it also provides a safe haven against bad governance and too much regulation.
that bitcoin has a place in the future as an alternative finance system separated from the fiat world.I am free to move bitcoin around the world and I have the trust of hundreds of thousands of miners watching over the blockchain. There will be a moment there where I can buy my food, my clothing and my shelter in bitcoin, and there will be no need for a fiat currency controlled by governments and banks.
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