- Draper praised the decentralization and borderless nature of Bitcoin in a recent Medium post.
- He believes that BTC will end the reign of “dictators and toll trolls.”
Tim Draper, a popular venture capital investor, stated that he expects Bitcoin (BTC), among other technologies, to change how governments function worldwide. In a recent medium post, Draper calls Bitcoin “the startup currency” and compliments its decentralization and borderless nature. He is affirmative of BTC bringing the world together:
“With Bitcoin, and the decentralization that comes with Bitcoin, geographic borders have become less relevant. No longer are we at the mercy of dictators and toll trolls to grow the world economy. [...] In the long-term I believe with regard to business and economics, we are, more than ever, one world.”
Draper likened governmental attempts to censor Bitcoin as the “roar of a falling king.”
“Tribalism is dying. And like the dying roar of the king of the jungle, we are hearing political leaders beat their chests as they try to cling to the power they once wielded when the world was still only tribal.”
Draper also highlights the idea of a global health insurance policy. He believes that the approach is more effective and efficient than current offerings “where the premiums are in bitcoin and the claims are settled to the letter with smart contracts and monitored by artificial intelligence.”
He also portrays his idea of a pension that does not depend on the decision of political leaders, but instead “is simply a form of fixed smart contract.” Draper concluded:
“Bitcoin brought with it a few fundamental technologies that can accelerate our transformation from a tribal planet to a global one.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.