TL;DR wait, you stole my line.

Tim Draper, the legendary billionaire tech investor who bought millions of dollars of BTC from the FBI at $700, during the downward slide after the last bubble burst in November 2013, has re-stated his confidence in digital cash. ‘I think we’re probably two years away before everyone’s buying coffee,’ he told Fox Business.

Draper purchased a batch of 30,000 BTC that the US government had recovered from the Silk Road raid in 2013 that saw Ross Ulbricht – believed to be the organisation’s head, ‘Dread Pirate Roberts’ – imprisoned for life without parole. Just those coins alone are now worth over $117 million.

Draper sees the Lightning Network as the factor that will power small transactions, and believes that in less than five years, retailers will ‘laugh’ at people who try to use physical cash. The only people who still use coins and notes, he says, will be criminals – bitcoin is just too easy to track. This turns on its head the popular narrative that the only use case for crypto is criminal activity.

The timeline of just two years before people are using bitcoin to buy everyday items like coffee is aggressive, and seems out of reach at a time when BTC is trading below $4,000 after 14 months of bear market. However, there are signs that sentiment is turning, and we know from experience that when things start to move with bitcoin, they really move. In this instance, we are looking forward to all the innovation of the last year-plus being deployed to consumers.

Draper has a lot of reasons to want this outcome. The billionaire is a sworn HODLer, who has predicted prices of $250,000 in the coming years.

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