Venture investor Tim Draper (Tim Draper) is confident that most of the global currency market at $ 86 trillion in the future will be crypto currency.
Previously, Draper has already stated that if in five years you decide to offer a currency as a payment, you will be laughed at. In an interview with Bloomberg, the investor confirmed his optimistic views on the future of the Crypto-currency.
When asked if he agrees that bitcoin could fall to $ 900, Tim Draper replied:
Draper bought in 2014 at auction almost 32 thousand BTC, confiscated by the US government from the creators of Silk Road. Then for this number of bitcoins he paid about $ 18 million, now their cost is about $ 320 million.
Tim Draper is one of the major investors in the Tezos project, which last summer attracted record $ 232 million at that time in bitcoins and Ethereum. Since that time, the value of the collected crypto currency has grown significantly, but all funds are blocked as a result of internal conflict in the project team. And several lawsuits have been filed against the creators of Tezos.
Optimism Drapera in relation to kriptovalyut this story is not shaken, said Bloomberg. He did not discuss the volatility of the crypto-currency market either, in response to the question, focusing on security issues.
According to the Group-IB company, hackers are switching from banks to the crypto-currency industry because of higher “prize money” – an average attack on a financial institution brings cybercriminals about $ 1.5 million.
Only as a result of the recent cracking of the Japanese crypto-exchange Coincheck hackers kidnapped NEM tokens worth about $ 500 million.
Experts believe that crypto-exchanges and bitcoin holders will be the main targets of cybercriminals in the near future.
The post Tim Draper: The global currency market will be behind the crypto currency appeared first on 9 to 5 Live.