Billionaire venture capitalist Tim Draper, who invested in bitcoin at $6, remains optimistic about the digital currency. He believes bitcoin is a superior technology compared to government-issued currencies, enabling unbanked individuals to engage in online payments and save efficiently. Draper notes that bitcoin's integration of innovations—similar to Microsoft's adaptation of technologies—has led to an increase in its market share, from 40% in 2022. Despite advancements in other blockchain projects, Draper argues that innovations will ultimately return to bitcoin, highlighting its status as the premier cryptocurrency. He predicts that U.S. retailers may one day refuse dollar payments in favor of bitcoin. He expresses concern that the U.S. has fallen behind in crypto adoption, citing his jealousy towards countries like El Salvador that embrace blockchain technology. Draper forecasts a possible future where fiat currencies could become extinct, possibly in the next ten years.

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