"BTC, to replace fiat currency and surge"
);)
In an interview with Indian media Money Control on the 28th, Draper argued that BTC is still undervalued despite its recent approach to $100,000.
He said, "The recent BTC rally is a natural result based on rational reasons," but "compared to the global economic scale, BTC's current market capitalization and price per unit are set very low."
Draper pointed out that fiat currencies around the world, including the dollar, have many problems due to high issuance, and said that BTC will become the global reserve currency and its price will reach $3 million.
He said, "BTC will become the currency that dominates the world, and as the demand for fiat currencies disappears, the price of BTC will record $3 million."
Previously, in 2022, he claimed that BTC would reach $250,000 by the end of 2024.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
