Legendary VC Tim Draper is sounding the alarm: Bitcoin could go to infinity against the U.S. dollar — if hyperinflation takes hold.
In a recent post, Draper pointed to history: During the Civil War, the Confederate dollar lost nearly all value due to excessive money printing. By the end, people were paying $50 for a bar of soap as they rushed to exchange paper for tangible assets like gold.
Today, Draper sees similar warning signs:
The U.S. Dollar Index (DXY) is having its worst start in 40+ years
Rising geopolitical tensions could further erode faith in fiat
Bitcoin stands out as a crisis hedge
“You don’t want to be the one scrambling for cash or gold,” Draper said.
“You’ll want enough Bitcoin to sustain your family for 6–12 months.”
He’s even forecasted BTC could hit $3 million in the long run.
TL;DR: In a world of uncertainty, Draper believes Bitcoin is the lifeboat.