The legendary venture capitalist Tim Draper has it Takes you to social media declare that money is dead. “It’s just sitting there. Bitcoin is running,” he said.
He added that Bitcoin is “borderless”, “no permission” and “programmable.”
According to Draper, Bitcoin is impossible to be impossible with gold.
“You can’t buy coffee with gold, but with Bitcoin, you can do it without banks, inflation and friction,” the billionaire contemplated.
However, some social media users quickly pointed out that Gold was significantly outpacing Bitcoin in 2025. Yellow metal has grown by more than 20% since the start of the year, but its digital rivals remain essentially flat.
Gold has benefited from the economic disruption caused by tariffs, and has surged above $3,500 per ounce for the first time this week.
Meanwhile, there is still debate as to whether Bitcoin can actually be recognized as a safe asset. As reported by U.Today, Canadian billionaire Frank Justra recently said that Bitcoin should not be compared to gold as it performs a different function. Reflecting criticism of things like controversial financial commentator Peter Schiff, he dismissed major cryptocurrencies as “pure speculation.”
As Reported by U.Todaylongtime Bitcoin investor Draper predicted that cryptocurrency prices could surge to $3 million when it becomes the dominant currency.
Venture capitalists previously predicted that Bitcoin would reach $250,000 by the end of 2022. He will later revision The 2023 Uber-fulish Price Call predicts that major cryptocurrencies will ultimately reach the aforementioned price milestone by mid-2025 (and this seems very unlikely).
