Famous investor Tim Draper predicts everyone using Bitcoin in five years five years five years 2022 2023 it seems aggressive guys seems aggressive Tim Draper who is invested in the technology of the future since the early days of the web said that in five years a no man or woman will be trading with a fiat currency the legendary investor and a prognostic heir of where the technology takes us talked to CNBC is a fast money about the future of Bitcoin technology and blockchains
Draper said the change in technology today is larger than the iron or bronze age when asked about how he compared the opportunities available to him when investing in web 1.0 and 2.0 he explained how the web was transforming information but today blockchain technology has a potential to change almost every industry including government operations
It sees individual governments disintegrating in the future to become a group of international entities that will compete in providing services to citizens hmm sounds like to me guys like the privatization of the world where everything that you own do everything in the world will be privatized and will have private wars oh wait we already have those when asked to assess where the development of the blockchain is now compared to the way the internet was developed he put the timeline in the early 1980s for an investor potential saying that it is all just getting us started now I would agree with that
This is the most excited I've ever been as an investor and I was there from the beginning of the internet he added talking about the future of currency Draper's said that in five years time currency Fiat will be a thing of the past there will be no currencies tied to specific countries Oh almost like the New World Order guys the one one coin to rule them all the chip the future
In five years you're going to walk in and try to pay Fiat a government backed currency like the US dollar for a Starbucks coffee and the barista is going to laugh at you because they're going to say what is this are you counting out pennies give me shells why am I here why did I get that liberal arts degree and I'm still working at Starbucks oh no didn't say that guys whether Draper is aware of it or not Starbucks has suggested that it could use blockchain technology for an application that will process consumer payments and cryptocurrency the end is the end coming for fiat currency I think so but in five years guys that seems a bit aggressive
When asked what he would do with a fresh dollar for investment whether it would be for an iced tea or an existing currency Draper spoke directly about the predominance of Bitcoin in the future he saw other crypto currencies dropping leaving a Bitcoin as the standard he ended by talking about the boot camp he is launching in April and his Draper University to encourage learning and investment in Bitcoin and crypto currencies because all of this engineering effort all that excitement this focus is really on Bitcoin in all the kryptos around it Draper who is known for predicting when Bitcoin would hit the $10,000 mark almost to a day was an early investor in Skype and Tesla he has purchased and still owns 30,000 bitcoins from the 2014 US Marshals Service auction sale of assets seized on the Silk Road so guys I'm gonna throw this right back to you in the comment section below what do you think about Tim Draper's pronouncement that Fiat will be dead in five years seems pretty aggressive to me but like I said before maybe he knows something that we don't let me know and smash the like button for Tim Draper who if true would really make my day actually would make my next five years