Bitcoin Call from Billionaire Tim Draper

Bitcoin Call from Billionaire Tim Draper

Billionaire Tim Draper said that governments around the world will issue money due to the economic blow of the coronavirus, and as a result, the crypto market will rise. Billionaire Tim Draper stated that governments around the world will issue money because of the economic blow of the coronavirus, and this process will lose the value of currencies. THE HOPE FOR BITCOIN Tim Draper, himself a Bitcoin investor, reckons there will be intense interest in Bitcoin (BTC), the leader of cryptocurrencies, once people realize their money is depreciating as the crisis begins to wear off. The fact that digital currencies do not belong to a geographic border reveals the importance of such a time, Draper said, adding that this would increase cryptocurrency movements. It was estimated that Bitcoin was strong against such crises and was the most positive asset from this situation. However, the fact that crypto money is preferred by very few people today compared to other traditional assets has shown that the crypto money market may also experience manipulation. It is observed that bitcoin can actually increase even when the world has gone through a crisis that has never been experienced in the past.