Tim Draper He said he would save the day when the coronavirus crisis for Bitcoin (BTC) comes to an end. As the number of coronavirus cases increases rapidly, there is a huge cloud of uncertainty over the future of Bitcoin. As the markets continue to decline, central banks are making a coordinated effort to alleviate money conditions, while the cryptocurrency does not act as a set against this chaos.
However, billionaire Tim Draper believes that Bitcoin, not banks or governments, can save the day when this crisis is over.
Bitcoin Ready to Develop
Draper previously stated that the price of Bitcoin (BTC) could rise to $ 250,000 after maintaining five percent of the money market by 2023. Given that the leading cryptocurrency is trading just above $ 5,000, this prediction is unrealistic. Draper has a mastery in detecting disruptive companies. It was the first investor to change the world in Skype, Tesla, SpaceX and other initiatives.
Fear Worse Than Virus
On March 14, Draper criticized the world governments for their approach to dealing with the coronavirus. Italy, France and many other countries are locked with the closure of all indispensable businesses. The billionaire explained that more people than the real virus could die due to a collapsing economy.
The fear is far worse than the virus. The governments have it wrong. Stay open for business. If not, so many more people will die from a crashing economy than from this virus. #coro to #dustbowl #food #clothing #shelt is
– Tim Draper (@TimDraper) March 14, 2020
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