Bitcoin on the Verge of Rendering Fiat Currency Obsolete
Tim Draper, a Billionaire venture capitalist has said that once Bitcoin goes through some improvements, there is no way anyone will want to use fiat currency again. Crypto supporter, known for his early investments in tech companies with transformative technologies, such as Tesla, Skype and Coinbase, predicts the widespread adoption of Bitcoin over the next decade as the king coin renders cash obsolete. The reasoning he gave was that, merchants don’t want to lose 4% every time you swipe your credit card.
It should be noted that with the way Bitcoin is going, many organisations and countries are considering getting a digital currency. Also with the blockchain technology making things more transparent, everybody is embracing cryptocurrencies and the technology which brought it into place, Blockchain.