The phenomenon of bitcoin is much more important than the emergence of the Internet and a series of other key events in the history of mankind. This was announced by a well-known venture capitalist and founder of Draper Fisher Jurvetson firm Tim Draper in an interview with CNBC.
In his speech, Draper emphasized that the scale and importance of bitcoin technology and blockage surpass all of humanity's early technological achievements.
"This is more important than the Iron Age, the Renaissance and the Industrial Revolution," said the investor.
In addition, he once again predicted the death of traditional money.
"In five years, you will try to buy coffee for ordinary money, and the public will laugh at you because you do not use the coded currency, I think there will come a time when you will no longer want to use the currency," said Draper.
Draper also added that bitcoin will necessarily win in the "long-term cryptodynamic battle" against the altcoyins.
Previously, in April Tim Draper said that in the next four years, the price of "digital gold" will rise about 30 times, and in 2022 it will reach $ 250 thousand.