PANews, May 14 - According to CoinDesk, American billionaire investor Tim Draper stated in an interview that Bitcoin will replace the dollar as the world's primary reserve currency within the next decade. He reiterated his prediction that Bitcoin will reach $250,000 by the end of 2025 and pointed out that when Bitcoin can be used for everyday payments and tax payments, the dollar will lose its value. Draper cited the 2023 Silicon Valley Bank collapse as an example to emphasize the fragility of the traditional financial system and suggested that companies hold both fiat currency and Bitcoin to cope with banking crises. Additionally, Draper believes that while stablecoins help in the adoption of digital currencies, they will eventually face inflation issues just like fiat currencies. He specifically mentioned that the US Dollar Index has dropped 8% this year, hitting its lowest point since April 2022, which supports his prediction of the "decline of the dollar."
American Billionaire Investor Tim Draper: Bitcoin Will Replace the Dollar in 10 Years
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vietnam VN Index closed down 0.6%

Windward Bio (WWB.US) plans to list in the US and aims to raise up to 100 million dollars, with multiple drugs licensed to Chinese pharmaceutical companies.
Windward Bio Group filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) last Friday, aiming to raise up to 100 million dollars.

A Contrarian Amid the Selloff in French Bonds: 370 billion AUD Pension Fund Increases Holdings, Betting That Fiscal Risks Are Overestimated
Australia's second largest pension fund is buying French government bonds. The institution believes that the market has overreacted in pricing France's fiscal predicament and the European Central Bank's interest rate hike outlook.
Bravida Names Caroline Starck Head of Communications for Sweden