Tim Draper predicts that Crypto will decide, only criminals will use money in five years

The billionaire investor and known Bitcoin bull (BTC), Tim Draper, argued that in five years, only criminals will use fiduciary currency when cryptography will be generalized. Draper made these statements in an interview with the American television channel Fox Financial, published Feb. 18.

Reiterating his previous statements predicting that fiat money would become laughable and obsolete in five years, Draper said his predictions, saying that only criminals would continue to use cash, because criminals who use crypto can be tracked via Blockchain. He said:

"Criminals will always want to work with money because they catch everyone who is trying to use Bitcoin."

In August 2018, a US Drug Enforcement Administration (DEA) officer indicated that she preferred that people continue to use cryptocurrencies because the blockchain provides a tool for identifying criminals.

In the interview, Draper also said that he believed his money in the bank was less secure than his money in Bitcoin. "My bank is constantly under attack," said Draper, adding that no one had yet managed to hack the Bitcoin blockchain.

Claiming that his Bitcoin is safer than a dollar, the Bitcoin billionaire compared the fact of making Bitcoin money with the gold exchange in shells, claiming that it is not safe. it made no sense to go back in time as the future is about bitcoin and other crypto-currencies.

When asked how much crypto he holds, Draper replied briefly, "a lot".

Draper's recent statement echoed the position of Bitcoin's young billionaire, Jeremy Gardner, who said the existing financial system is much more culpable for things like terrorism and crime than blockchain technology can be. -be never.

In November of last year, Tim Draper confirmed his Bitcoin prediction of April 2018 that the largest cryptocurrency would trade up to $ 250,000 per coin. By 2022. Meanwhile, Bitcoin has experienced significant growth recently, having surged by about 7.6% on the day and trading at $ 3,907 to $ 3,907. press time, according to CoinMarketCap.