Those bills that you have in your wallet and the coins in your pocket will lose their value completely as soon as in five years, according to experts it is venture capital investments.
This is not due to a devaluation, but to the growth of cryptocurrencies such as Bitcoin.
This is because the two most powerful currencies in the world, the US dollar and the euro, do not base their value on precious metals but on an agreement, which in the end would give greater relevance to their continued overvaluation.
“In five years, if you try to use fiat money, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant that there will be no reason to have fiat currencies,” said US venture capitalist Tim Draper in an interview with Forbes.
The man who has directed investments of companies as powerful as Skype, Tesla, Twitter, among others, is sure that virtual currencies will be increasingly used and thus we will see an era of economic dominance of bitcoin or ethereum.
At present, the bitcoin has a capitalization of around $112,000 million US dollars, while the fiduciary currency is close to $2 billion dollars, however the growth of bitcoin is close to 600 percent.