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Tim Draper Interview: ‘Millenials should invest in Bitcoin’

FOX Business recently interviewed billionaire investor Tim Draper, and he suggested millenials to buy Bitcoin. Draper believes that investing in Bitcoin is the need of the hour for those looking to set aside retirement capital. 



Tim Draper also took a dig at the traditional banking system. He commented, “You look at Bitcoin and you say ‘Hey, this is great because it’s not my father’s Oldsmobile. Our banking system is the Oldsmobile.” He further blamed the existing financial system for putting millenials in debts. 



Tim Draper opined,  “With the current salaries, they can’t pay it off. It’s a really difficult time, and they’ve become renters rather than buyers.” He also stressed on the importance of “being able to move capital and goods freely throughout the world.”



Draper advised millenials to invest in something that does not impose hefty fees and regulations on transactions. He concluded, “I think if you really want it to work, I think you go bitcoin or crypto.”



However, there is a long way to go before Bitcoin starts serving as a mainstream currency. To start, merchants will have to adopt Bitcoin for price setting, instead of doing so in their local currencies. 
The post Tim Draper Interview: ‘Millenials should invest in Bitcoin’ appeared first on BlockInspect .

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