Tim Draper: in five years, the cryptocurrency will supplant Fiat, making it an instrument of fraudsters

Fiat for five years will become an unpopular means of payment for cryptocurrency. Its use will remain the prerogative of criminals. This was announced by venture investor and famous cryptocurrency enthusiast Tim Draper, writes BTC-Wires.

He noted that every year the cryptocurrency will become a more convenient tool for payments and investments, due to the high speed of transactions and low commissions.

“In the blockchain, you can easily track down illegal activities and this is why criminals will use fiat money as long as possible. Moreover, the police are now focused on capturing those who use Bitcoin, ”said Draper.

Commenting on the launch of JPM Coin, Draper said that “not all bitcoin branches work for the good of the industry, but they are increasing interest in Bitcoin as a whole”

Recall that in April 2018, Tim Draper predicted the growth of Bitcoin to $ 250,000 by 2022.