This post was most recently updated on June 26th, 2019

In an interview for Bloomberg, Jon Erlichman asks famous billionaire entrepreneur, Tim Draper, about bitcoin.

Despite its powerful technology, people are more interested to hear about bitcoin from the investing side, about the price where is going to be in the future.

Draper Said:

When people ask, so what do you think has happened with Bitcoin?

You say well, one bitcoin is still one bitcoin it always has been and always will be. There are only 21 million of them and you probably should get one.

As opposed to thinking, comparing it against the FIAT currency because as I look at currencies and I say well there’s a bitcoin and they said well that’s very volatile and I said no all the other currencies are very volatile against bitcoin because they know that this is really transforming the world.

So these currencies that are tied of political forces, or dictatorships or even the dollar which really does have political influence and it has to be the monetary policy and has to be so precise to get it just right.

Why bother?!