Some very postive statements from him on Bitcoin.
Posted last night that I also think adoption will start to grow in early half of next year due to current volatility and uncertainty in the world's stock markets.
“I expect this phenomenon to turn around in about 6 months as use cases become apparent,” Draper went on to say.
Due to the understood finite supply of bitcoin—there will only ever be 21 million coins released—as usage increases and the supply stays relatively constant, the only place for the price to go is up. As the price goes up, investors will potentially see bitcoin as a functioning store of value, which will perpetuate its value.
Could not agree more on that last part. With a limited supply the price has but one way to go and even more so once bitcoin is seen as a store of value. Once that happens people will flock to it.
