Tim Draper believes Bitcoin’s value could become infinite against the U.S. Dollar due to waning trust in fiat currencies, reminiscent of historical hyperinflation events like the Confederate dollar. He emphasizes Bitcoin’s contrasting benefits regarding transparency and storage.
Draper warns of potential economic collapse, advising individuals to hold enough Bitcoin to last six months to a year. He contrasts Bitcoin’s advantages with gold, encouraging a shift in focus towards digital assets in an evolving financial landscape.
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