Within a decade, bitcoin will replace U.S. dollar dominance and become the standard currency underpinning the international economy, according to billionaire venture capitalist Tim Draper. “10 years, something like that. It may be a little less,”Draper said in a wide-ranging Spotlight interview with CoinDesk.
“The good news here isthat banks can nowhold your bitcoin and your fiat currency…but you don’t want to be in line at the bankstrying to get your dollars out to put them into bitcoinwhen there is a transformation.”
“The national debt has grown at three times the pace of GDP since Times Square’s debt clock started ticking in 1989. This year, interest payments will surpass $952 billion—exceeding defense spending. By 2030, mandatory government spending and debt service will consume all federal revenue, creating a permanent deficit. This, in turn, would lower the dollar’s value and dismantle some of Uncle Sam’s economic firepower.
As Fink puts it: “To be clear, I’m obviously not anti–digital assets. But two things can be true at the same time: Decentralized finance is an extraordinary innovation. It makes markets faster, cheaper, and more transparent.
“Yet that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”
