Experts Say That Bitcoin Will Replace Current Money In 5 Years

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.

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About the Author: Jane Taylor

Jane is a 25-year-old from Kentucky that loves to share her passion for technology with others. Apart from running her own YouTube Channel (thetech2020), which uploads weekly videos that cover ground-breaking new technology, she spends her time developing enterprise software. She recently spent her summer working at BlackBerry as a software engineer, and will be returning this summer. In regards to academics, Jane studies Electrical Engineering & Computer Science at Guelph University and in her free time, she loves to watch hockey, read, and hang out with friends. To contact Jane, just click here

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