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Bitcoin scalability startup Ark Labs raised $2.5M in a pre-seed round led by Tim Draper to advance its Ark protocol for faster, cheaper BTC payments. The funding aims to boost Bitcoin adoption for everyday transactions.
The dollar is weakening this year. As reported, the US dollar index declined 7% year-to-date, one of its worst openings in recent history. The dollar index measures the value of the dollar against six other major foreign currencies. As tensions between the US and several countries have increased on the trade front, worries regarding the long-term strength of the dollar are beginning to emerge. Related Reading: Strategys $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Bitcoin Receives More Attention From Investors As the dollar weakens, more investors are turning to Bitcoin as a potential hedge. Venture capitalist Tim Draper indicated that Bitcoin may serve as an insurance policy against the failure of fiat currencies. He thinks the digital currency will keep appreciating in value relative to the US dollar, particularly as international confidence in fiat currencies falters. In a comment he made on the X platform, he said Bitcoin “might be worth an infinite amount of USD.” Bitcoin might be worth an infinite amount of USD. During the Civil War, the souths Confederate Dollar went through hyperinflation. After starting 1:1 with USD, it ended the war at over 10 million to 1. People lost faith and scrambled to trade their cash in for USD. But now pic.twitter.com/qRTEKl4VkU Tim Draper (@TimDraper) May 1, 2025 Draper likened Bitcoin’s present surge to a change in monetary behavior. He pointed out that during uncertain times, individuals will shift their funds towards the assets that make them feel more secure. While gold has played that function previously, Draper stated that Bitcoin is starting to fill the position because of its digital format and convenience. A Civil War-Era Analogy Raises Eyebrows To illustrate his argument, Draper referred to American history. He cited the Confederate States of America, which had printed its own paper money during the Civil War in 1861. Initially, it was pegged at a 1:1 ratio with the US dollar. But towards the end of the war, the Confederate dollar had disintegrated, exchanging at over 10 million to 1 compared to the US dollar. Draper explained this illustrates how quickly a currency can disintegrate when trust is lost. He cautioned that something like that can happen again if individuals, businesses, and even governments lose faith in the stability of the current system. In his opinion, Bitcoin stands to gain from that change. Bitcoin Versus Gold In A Changing Market Gold will usually be the first safe haven when there are financial pressures, but Draper believes that it is no longer number one. He noted that gold has issues such as huge storage fees and physical movement. Bitcoin, however, is a purely online existence and can easily transfer quickly across borders. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development He also stated that Bitcoin possesses special strengthslike limited supply and autonomy from central banksthat make it more attractive than conventional assets. These characteristics, Draper explained, are becoming increasingly difficult to overlook as the global financial system comes under greater stress. Governments Start To Take Notice Draper claims that even some governments are seeking to find out if they should keep Bitcoin reserves. That marks a shifting sentiment towards how cryptocurrencies are perceived, not only among private investors but also public institutions. Featured image from Unsplash, chart from TradingView
Billionaire Tim Draper has taken to X to remind market onlookers of his position on unconventional emerging technologies like artificial intelligence and cryptos.
Robert Kiyosaki has issued a stark warning about an impending financial disaster, which he believes will devastate baby boomers. A crypto analyst predicts bitcoin could exceed $330,000, defying historical growth patterns through a combination of pattern disruptions and the theory of diminishing returns. Venture capitalist Tim Draper forecasts that bitcoin will dramatically transform El Salvador [...]
The post Kiyosaki Warns of Big Bubble, Analyst Predicts $330K BTC, Drapers Wild El Salvador Prediction, and More Week in Review appeared first on Crypto Breaking News.
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper [...]
The post Latam Insights: Tim Drapers Bitcoin Prophecy for El Salvador, Bukeles Bitcoin Rush appeared first on Crypto Breaking News.
Billionaire venture capitalist Tim Draper made a turning point in his family’s path to Bitcoin and other cryptocurrencies.
Venture capitalist Tim Draper advises business founders to diversify their cash holdings by keeping at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, along with other recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank. (Read More)
Renowned bitcoin investor and venture capitalist, Tim Draper, envisions a future where bitcoin emerges as a formidable competitor to the world’s fiat currencies. During a recent interview with Fox News, Draper argued that bitcoin’s inherent safety and superiority surpass those of traditional banking systems and government-controlled fiat currencies. Venture Capitalist Tim Draper Says Bitcoin Is [...]
The post Tim Draper Predicts Bitcoin Will Outpace Fiat Currencies, Asserts Its Superiority Over Traditional Banking appeared first on Crypto Breaking News.
Conduct research on the NFT founders. Verify their level of activity. Distinguish them from mere NFT monkeys or bots on Twitter.
The post Women of Web3 Panel Gives Advice to NFT Collectors, Investors in Spotting Legit Projects appeared first on BitPinas.
The occurrence of AI is not something that Vanessa Barrameda, General Manager of XR, did not expect to happen, at least in the next decade.
The post X3 General Manager: Everyone Did Not Expect the Rapid Growth of AI appeared first on BitPinas.
American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything” which he ended with a self-composed Bitcoin song. The speech opened by touching on the general distrust of cryptocurrencies – primarily Bitcoin (BTC) – from centralized governments. “I [...]
The post Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023 appeared first on Crypto Breaking News.
According to the Draper Startup House Manila founder, building a strong community can help attract investors and create strong project foundation.
The post [Meetup Recap] Draper Startup House Manila Founder Shares Tips on Starting Successful Web3 Projects appeared first on BitPinas.
I’ve wondered aloud how damaging the dent to crypto’s reputation will have been in recent months. The collapse of FTX (deep dive into that sordid affair here) felt like a straw that broke the camel’s back in a lot of ways. Regarding institutional adoption, the tempting conclusion was that any reputable firm would run a ... Read more
<p>The post Tim Draper dives further into web3, but will other capital follow? | Invezz first appeared on CCNC.</p>
Today's top crypto jobs Philippines listing from Coins, Draper Startup House, MetaSports, and more!
The post Crypto Job Listings | Draper Startup House Manila, Coins, MetaSports | Jan. 6, 2023 appeared first on BitPinas.
ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 prediction for the second year running.
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The post [Event Recap] Role and State of Guilds in the Bear Market appeared first on BitPinas.
Draper Startup House Manila discusses the motivations behind starting a web3 artist collective residencey.
The post Bitcoin, Beer, and Bitstories Recap: Artist Collective appeared first on BitPinas.
The accelerator’s three-month program aims to support Bitcoin startups and hone their pitches in order to present to investors and get project funding.
Bitcoin Whales: Why They Matter and Who They Are (Read More)
Low transaction fees and high yields have attracted over $60mm to Plenty DeFi as the leading decentralized exchange on Tezos positions itself for further growth on the heels of CoinMarketCap and Coingecko listings of its $PLENTY token. Dubai, UAE – October 4, 2021 – Decentralized Finance on the Tezos blockchain has seen exponential growth over … Continue reading Draper Goren Holm Backed PLENTY DeFi Brings Exponential Growth to Tezos
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