Global Flip to Bitcoin and Crypto Is Inevitable, Governments Must ‘Switch From Control to Service’, Says Billionaire Venture Capitalist

BITCOIN March 17, 2019Daily Hodl Staff

Global Flip to Bitcoin and Crypto Is Inevitable, Governments Must ‘Switch From Control to Service’, Says Billionaire Venture Capitalist

An early investor in Skype, Hotmail and Tesla says people around the world will choose to switch from government-controlled fiat to Bitcoin and cryptocurrency.

In a new interview with TheBitcoinOfCryptoStreet, billionaire venture capitalist Tim Draper says it’s time for governments at large to switch from a mentality of control, to service.

“The great thing about cryptocurrency is that it is not tied to a government. Governments control you by controlling your currency. Governments have to switch from control to service. Governments have to start thinking in terms of, ‘How do I attract citizens to my government?’ as opposed to ‘You live here, you work for me.’

And I think that is going to be a change that’s slowly starting to happen around the world. I think the Japanese government has recognized this…

An early investor in Skype, Hotmail and Tesla says people around the world will choose to switch from government-controlled fiat to Bitcoin and cryptocurrency.

In a new interview with TheBitcoinOfCryptoStreet, billionaire venture capitalist Tim Draper says it’s time for governments at large to switch from a mentality of control, to service.

“The great thing about cryptocurrency is that it is not tied to a government. Governments control you by controlling your currency. Governments have to switch from control to service. Governments have to start thinking in terms of, ‘How do I attract citizens to my government?’ as opposed to ‘You live here, you work for me.’

And I think that is going to be a change that’s slowly starting to happen around the world. I think the Japanese government has recognized this…

When asked about his top three altcoins picks, Draper declined to name names. Instead he explained what motivates him to invest in certain altcoins.

“I invest in altcoins that are tied to a lot of work. Someone who is really dedicated to them. Someone who has created new technology around them. Because if you’re just an altcoin for the purpose of being an altcoin, you might as well be Bitcoin.”