In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value.
The Silicon Valley venture capitalist said the shift will be inevitable once it becomes easier to spend and invest using cryptocurrencies.
“It’s going to be better for people,” Draper said at World Crypto Con in Las Vegas, as reported by Forbes on Nov. 26. “They’re going to move to crypto, and they’re going to go away from the political currency — they call it fiat. That’s the way it’s going to move.”
https://www.ccn.com/billionaire-tim-draper-unfazed-by-bitcoin-crash-boldly-vows-crypto-will-surpass-fiat-money/
Exactly. A well-known move to buy cheap. People start panicing and sell, let say, bitcoin at rock-bottom prices and someone take advantage of the situation for his good.