During an interview with CNBC’s Squawk Box on Monday, venture capitalist Tim Draper, founding partner of Draper Associates, explained that competition from alternative cryptocurrencies ultimately benefits Bitcoin. Draper highlighted that despite the growing number of digital assets, Bitcoin’s dominance continues to expand. “Competition is good for the world, but as a percentage of all cryptocurrencies, […]During an interview with CNBC’s Squawk Box on Monday, venture capitalist Tim Draper, founding partner of Draper Associates, explained that competition from alternative cryptocurrencies ultimately benefits Bitcoin. Draper highlighted that despite the growing number of digital assets, Bitcoin’s dominance continues to expand. “Competition is good for the world, but as a percentage of all cryptocurrencies, […]
Tim Draper: Altcoins Are Beta Testers That Strengthen Bitcoin’s Dominance
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During an interview with CNBC’s Squawk Box on Monday, venture capitalist Tim Draper, founding partner of Draper Associates, explained that competition from alternative cryptocurrencies ultimately benefits Bitcoin. Draper highlighted that despite the growing number of digital assets, Bitcoin’s dominance continues to expand. “Competition is good for the world, but as a percentage of all cryptocurrencies, […]
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