Bitcoin Watch – Tech investor Tim Draper cryptos poised to become USD80 trillion business

Billionaire tech investor Tim Draper recently spoke DEALSTREETASIA PE-VC Summit 2018 in Singapore, making the prediction that Bitcoin and cryptocurrencies will momentarily subside but then grow rapidly to become an USD80 trillion business in the next 15 years. During his discussion, Mr Draper said: “The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here (with bitcoin)”. He added that “the current slowdown related to cryptocurrency was because people were not yet accustomed to it, despite clearly seeing its potential. Once people become more familiar with it, the technology is bound to transform many huge industries around the world”.

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