Crypto to Take Over Fiat in 5 Years, - Draper

Famous cryptocurrency enthusiast believes in future fiat will be used mostly by the criminals
19 February 2019   382

Fiat in five years will become an unpopular mean of payment. Its use will become the prerogative of criminals. This was announced by venture investor and famous cryptocurrency enthusiast Tim Draper, BTC-Wires reports.

He noted that every year the cryptocurrency will become a more convenient tool for payments and investments, due to the high speed of transactions and low commissions.

The criminals will still want to operate with cash, because they catch everybody who is trying to use Bitcoin. They’re all going to interrelate … and there will be exchange rates for all of them. My guess is that it will centralize around a wallet that you have, and when you pay for that Starbucks, your wallet will optimize to whichever currency has most value. In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant … there will be no reason to have the fiat currencies.

Tim Draper

Venture investor

Commenting on the launch of JPM Coin, Draper said that “not all bitcoin branches work for the good of the industry, but they are increasing interest in Bitcoin as a whole”.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.