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Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor

Bitcoinist LogoBitcoinist13h ago

Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor - Bitcoinist

Quick Summary:

Tim Draper, the legendary BTC investor and venture capitalist who famously bought almost 30,000 BTC for roughly $19 million at a 2014 US Marshals Service auction, believes the world will abandon the greenback for Bitcoin within a decade.

In his view, governments themselves will eventually become node operators and treasury holders because “it’s a better way to collect taxes.

Sceptics point out that reserve-currency status is historically sticky and that US influence is backed by both political power and the world’s deepest capital markets.

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Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 14:00:05 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28713960

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor" has 547 words across 33 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor" was covered 13 hours ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

It's most recent story was published 10 hours ago.

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  • URL: https://seidx.beamstart.com/news/bitcoin-to-replace-us-dollar-17472332702340

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