Coinbase investor: The value of Bitcoin could reach "infinite" dollars

robot
Abstract generation in progress

Golden Finance reported that Coinbase investor Tim Draper stated on the X platform that the value of Bitcoin could reach "infinite" dollars, which has sounded the alarm for the collapse of fiat trust, the historic weakness of the dollar, and the acceleration of the dominance of Crypto Assets. Tim Draper explained with an example that during the Civil War, Confederate silver dollars experienced severe Inflation, and by the end of the war, the ratio of Confederate silver dollars to dollars plummeted to over 10 million to 1. As trust declined, people rushed to exchange them for dollars. Now, the dollar index has had the worst start to the year in forty years, and market confidence in the dollar may further decline, while the U.S. is hedging against this by incorporating Bitcoin into its strategic reserves.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
EncounterAtTheCornervip
· 05-05 03:00
Hold on tight, we are about to To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)