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Tim Draper Predicts Crypto Market Cap Rise – 1000x Today’s Value

  • Yuri Molchan
    📰 News

     

    A prominent crypto bull is of the opinion that aggressive progress is unavoidable, promising a bigger effect from DLT and Bitcoin than from the Internet. Tim Draper predicts crypto to replace fiat, since the latter is totally unstable


Tim Draper Predicts Crypto Market Cap Rise – 1000x Today’s Value
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In a recent interview, Tim Draper says that if in five years’ time anyone tries to pay with fiat in Starbucks or McDonald’s, people will laugh at them.

The legendary venture investor from Silicon Valley remains bullish about Bitcoin and blockchain.

Blockchain will prosper more than the Internet

In the interview, Tim Draper shared that he expects the effect from blockchain and Bitcoin to be much bigger than the consequences of mass implementation of the Internet.


Draper calls BTC and blockchain ‘fundamentals’, claiming that they will lay an impact on insurance, real estate, government and healthcare. The new emerging technology will transform all these areas completely, believes the investment guru.

While sticking to the topic of blockchain and the Internet, Tim Draper says that even though the Internet completely changed a lot of crucial areas, governments keep working the way they did before the 1990s, and insurance or the way people buy real estate remain untouched by progress. But blockchain is bound to transform those into completely new forms.

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Crypto is better than fiat

During the interview, Draper explained why he reckons that crypto is superior to traditional currencies. He stated that fiat currencies are dependent on political whims and are tied to bureaucratic machines. Meanwhile all the best and cleverest programmers are busy developing crypto coins.

Draper believes that the world is eager to have a stable global currency that would not depend on any political force or actions of the government in the international arena.

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Draper forecasts future crypto market capitalization

The famous investor has expressed the opinion that in a while digital decentralized money will replace fiat currencies. His rough prediction for the capitalization of the cryptocurrency market is “a thousand times on what we’ve got now”.

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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