During the performance at the FT Digital Assets summit, the investor emphasized that companies that did not include bitcoin in their reserves act to the detriment of themselves and their shareholders. According to him, the course of the first cryptocurrency will reach $ 250,000 by the end of the year, and the growth retardation is due to excessive regulation of the last White House administration. However, soon the trend will change, Draper is sure.
“After the appearance of gunpowder, the war changed, and after the appearance of Bitcoin, the whole commerce in the world will change,” he said.
The billionaire added that over the next five years he plans to create a new fund, which will be based on the first cryptocurrency. All operations automate smart contracts, which will reduce the costs of audit and consultants to zero.
If earlier innovations were created on the blockchains of the Ethereum and Solana, now the developers focused on Bitcoin. Thanks to smart contracts, the network is transformed into a multifunctional platform, the entrepreneur noted. In his opinion, soon fiat currencies will be replaced by stablecoins, and they will subsequently give up the place of the first cryptocurrency.
Earlier, experts of the Fidelity virtual assets division said that the indicator of clean unrealized profit and loss (NUPL) indicates that Bitcoin has passed from the “Faith and Denial” phase to the “Optimism and Alarm” phase.
Source: Bits
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