Coinbase investor: Bitcoin could be worth "unlimited" dollars
2025-05-05 02:51:41
Coinbase investor Tim Draper wrote on the X platform that the value of bitcoin could reach an "unlimited amount" of dollars, which is a wake-up call for the collapse of fiat trust, the historic weakness of the dollar and the acceleration of cryptocurrency dominance. Tim Draper explained that during the Civil War, the Confederate silver dollar experienced hyperinflation, and by the end of the war, the ratio of the Confederate silver dollar to the dollar plummeted to more than 10 million to 1. As trust declined, people rushed to convert it to the dollar. Now that the dollar index has started the year at its worst in four decades, market confidence in the dollar may further decline, and the United States is hedging this situation by including bitcoin in its strategic reserves.
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