Bitcoin’s Potential Value: An ‘Infinite’ Amount, Claims Expert

Tim Draper, prominent investor, asserts that Bitcoin could potentially reach an unlimited amount of USD value in the future. He draws a parallel to the Confederate Dollar during the U.S. Civil War, which experienced hyperinflation, ultimately collapsing from a 1:1 ratio with the USD to over 10 million to 1. This historical example underscores Draper’s concerns regarding the potential for fiat currency instability, mirroring today’s economic conditions marked by declining trust in traditional currencies. He argues that Bitcoin offers a compelling alternative due to its transparency, portability, and ease of use.