Tim Draper says Bitcoin could be bigger than the internet
Tim Draper says that Bitcoin will be bigger than skype, tesla, and hotmail, combined.
Not only that but Tim Draper says that bitcoin could end up being even bigger than the internet in terms of how much this new technology disrupts just about everything we do.
The internet disrupted many things and Tim Draper says that bitcoin and the underlying blockchain technology could go even beyond that.
Whoa, that would be pretty big.
Who is Tim Draper?
You may recall hearing the name Tim Draper recently, he is the one that famously stated that bitcoin will hit $250,000 by 2022.
More about his prediction can be seen here:
Draper has been a long time tech investor who made a lot of his money during the internet boom of the late 90's.
He was an early investor in Hotmail, Skype, and Tesla, as well a host of technology companies, which is why he mentioned those 3 companies above comparing them to bitcoin.
The great debate:
Draper and Patrick Byrne, the CEO of Overstock.com, were involved in a debate at the Adam Smith Society 2018 on whether bitcoin ultimately is a bubble, or not:
It can be seen here:
It's a great watch if you get the time.
There is a great bull and bear debate, and you are left deciding which side made the best argument.
Most interesting part of the debate:
The line that is probably the most memorable from Tim Draper came within the first couple of minutes of the debate where he compared bitcoin to the dotcom bubble.
He said, look everyone called the dotcom bubble a bubble, the internet was called a bubble, but look it's still being used today, in fact there are those in the audience using the internet right now.
Which means it wasn't really a bubble in the sense that it is going away or going to zero.
In fact, it is likely just the beginning.
Prices may get ahead of the technology at times, but if it's here to stay, it ultimately will have tons of value.
Stay informed my friends.
Image Source:
https://mashable.com/2017/01/18/venture-capitalist-in-denial-theranos/
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That debate was really interesting and worth the watch.
I want some of that $250,000 BTC! 💰👍💰👍💰
Do you have any yet?
Yep! Going to the Moon Baby! 🤑🤑🤑
Great share. This is the beginning of a new era and a paradigm shift in banking. Most people 20 years from now will be transaction monetary values using crypto or blockchain. Fiat currencies will continue to lose value. It will ultimately be a good thing. Draper called $10,000 BTC by 2018 4 years ago. This man has forebearance and vision.
Yes, good catch. He did call the previous massive price rise. Will he be right again?
He has been right many times, maybe he'll be close. Maybe he'll be wrong and it'll be even more ;)
Ha, that would be ok with me!
I understand your view on Tim but bitcoin price is not predictable if you think logically so no one can guess bitcoin price. bitcoin has potential to gain if people put interest and money.
Good post. ......??
Digital currency is the only way to make the world seamless. Blockchain and cryptocurrency is the ultimate future. If so, BTC price will rise that is the normal thing.
Did you see his apperance on Tucker Carlson with the Bitcoin tie? :D
I think he is right. We did see in Finland that the Universal Basic Income failed. Of course it did. Its just more of the same. More debt. More taxation of those who work. And more "theft" or "free" money to those who don't. It wont work.
And right now, the entire system has a scapegoat. Cryptos. Let people create their own money. Let's start a whole new economic system.Lets redefine currencies. And then they (politicians and central banks) can look good and not drive us directly into the abyss.
I think they are going to let people go free very soon. Norwegian state TV just did a very balanced piece on norwegian free town Liberstad the other day. Why did they do that? They dont do stuff like that not thinking it through. They are going to let more and more people opt out. It will lift the pressure on the welfare state. When people with low paying jobs..people on welfare etc start earning money on cryptos for walking, running, writing, taking photos, driving, reading, reviewing..etc etc..they won't need welfare. And speaking of jobs..in a few years most people wont have the kind of jobs they have today. Robotics, AI, automation..Like Vitalik says;
Great post btw..resteemed!
Good comment. I think it is a representation of how people have been feeling for a long time now. They are tired of the rich getting richer, often off of their own backs. Bitcoin and by extension crypto lets people be in control of their own wealth. Where that leads we will soon find out, but I think it is coming. The genie is out of the bottle.
Smart guy! Bitcoin is the future!!
The Draper family is well-known to the Bitcoin community. Tim Draper is one of the most active investors in the Bitcoin ecosystem. According to his sayings,
“We know that there will be a sort of cryptocurrency revolution, it has already started, this is no longer a science project”
Is that like saying the genie is out of the bottle?
Bitcoin price can be in a bubble whilst the tech is still useful. As something entirely new, the market doesn’t know how to price it donut has massive volatility.
I totally agree with him blockchain technology has many rich possibilities.The evidence are all around us with companies finding use for it,it has been used to conduct election,it has created jobs just like steemit.The more the technology gets adopted by the masses and the governnent the more the value increases.Bitcoin happens to be the flagship for the blockchain tech.
Just the beginning of a new era but 99% of people are not aware of it.