Tim Draper, a billionaire venture capitalist, shares his bullish perspective on Bitcoin, which he first invested in at $6. He emphasizes Bitcoin's superiority over government-issued currencies, noting that it enables efficient transactions for the unbanked, with transaction times averaging 10 minutes to an hour. Draper believes Bitcoin's gravitational pull is due to innovations being integrated into its platform—comparable to Microsoft developing its software from other technologies. He observes that the U.S. is lagging in crypto adoption, warning that retailers may eventually choose Bitcoin over dollars. Draper expresses envy over advancements in countries like El Salvador, which fully embrace blockchain technology. He predicts a future where retailers might refuse U.S. dollar payments, hinting at a potential extinction of fiat currencies within a decade. Draper attributes this potential market transformation to Bitcoin's ongoing innovations and its growing market share from 40% in 2022.

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