$BTC As the dollar weakens, more investors are turning to Bitcoin as a possible hedge. Venture capitalist Tim Draper indicated that Bitcoin could serve as insurance against the collapse of fiat currencies.

He believes that the digital currency will continue to appreciate in value relative to the US dollar, particularly as international confidence in fiat currencies wanes.

In a comment he made on platform X, he said that Bitcoin "could be worth an infinite amount of USD."

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