Tim Draper: “Bitcoin Could Be Worth Infinite USD” – A Warning About the Future of Fiat Currency
Venture capitalist Tim Draper has made a shocking claim: Bitcoin could be worth *infinitely* in US dollars, amid waning confidence in fiat currencies and rising geopolitical tensions.
On social media platform X on May 1, Draper – who is known for his early investments in Bitcoin – warned that the US dollar is on the verge of a catastrophic devaluation, and that in a hyperinflationary or systemic crisis scenario, Bitcoin could become the ultimate store of value.
“Bitcoin could be worth infinite USD,” Draper wrote, highlighting the growing role of cryptocurrencies in an uncertain financial world.
Faith in the USD is Shaking
Draper draws on history to support his point, comparing the current state of the dollar to the collapse of the Confederate currency during the American Civil War, when the currency fell from parity with the USD to near-useless value due to hyperinflation.
The US dollar index is off to its worst start in 40 years, while escalating geopolitical risks have added to investor concerns. “As faith in fiat currencies is shaken, Bitcoin – with its transparency, limited supply, and ease of storage – becomes more attractive than ever,” Draper said.
“Forget Gold, Bitcoin Is the New Store of Value”
In addition to criticizing fiat currencies, Draper also challenged the historical role of gold. According to him, storing and transporting gold is inconvenient and unsuitable for today’s digital world.
“Gold is not in the same league as Bitcoin,” he declared. “Bitcoin is easy to store, easy to transfer, and is actively being included in strategic reserves by governments.”
Draper also recommends that people hold enough Bitcoin to survive for 6 to 12 months in the event of a serious financial crisis. In the event of hyperinflation, he believes that Bitcoin could last much longer.
Reshaping the Global Financial System?
While there is still much debate surrounding Bitcoin’s volatility, many analysts agree with Draper that the digital asset is emerging as a potential “hedge” in times of economic uncertainty. Its decentralized network, uncensorable nature, and limited supply make Bitcoin increasingly valuable, not only to individuals, but also to institutions and governments.
Tim Draper's remarks continue to spark a major debate about the future of the global monetary system and the role of digital assets in the post-fiat era.