Ah, the ever-charming world of Bitcoin! According to Tim Draper, the venture capitalist who clearly enjoys making bold predictions, the halving cycle of Bitcoin (BTC)—that mystical, cyclical event that has sent the markets into euphoric booms and despairing busts since 2009—will lose its magic. Why? Well, because the USD is on a one-way trip to extinction, of course. It’s like watching a slow-motion car crash, but with money! 💸
In an interview with CryptoMoon, Draper prophesized that, “Between 10-20 years from now, the dollar will be extinct.” Ah yes, extinction—because we all know how quickly the dollar goes from “dominant currency” to “that thing that used to exist.” And apparently, we’re in the middle of some grand “anthropological leap forward.” I mean, who doesn’t love a good leap into the unknown? 🦘
But fear not! Investors, Draper assures us, are flocking to Bitcoin like moths to a flame, seeing it as the “escape valve” from all the beautiful messes like poor governance, banking institution distrust, currency inflation, and geopolitical tensions. I mean, who wouldn’t want a little digital escape from the daily doomscroll? 💻
“The halvings may have less of an effect if Bitcoin runs against the dollar the way it has, because it will probably go for a prolonged period. It will still be affected in some way by that four-year cycle, but I think the effect will dampen.”
So, according to Draper, it’s not the halving cycle that will drive Bitcoin’s future, it’s some all-powerful macro driver (oh, sure, just casually mention that) that will push the currency forward. Because why not throw in a little unpredictability, right? 😜
As for those who still cling to the idea that Bitcoin is bound to the four-year market cycle, well, they’re still out there. Seamus Rocca, CEO of Xapo Bank, argues that the cycle isn’t dead just yet. Meanwhile, others are saying that Bitcoin has grown up into a “macro asset” and shed its traditional market dynamics, like a snake shedding its old skin. No big deal. 🐍
The New Heroes of the Dollar’s Decline
In February, analyst Jeff Park from Bitwise predicted that Bitcoin would soar in value and gain global traction, all thanks to geopolitical tensions, currency inflation, and the inevitable decline of the US dollar. Because nothing says “trustworthy currency” like global chaos, right? 🌍
The Trump administration, for all its colorful glory, insists that dollar-backed stablecoins are the saviors of the US dollar’s global reserve status. Just slap the dollar onto blockchain rails and—voila!—everyone with a cell phone can help prop up the greenback. Genius, right? 😏
But wait, there’s more! Bitcoin maximalist Max Keiser (don’t you love the drama in that title?) argues that US dollar stablecoins are merely a stopgap measure, doomed to be outcompeted by gold-backed tokens and, of course, the almighty BTC. Because, naturally, a stablecoin backed by gold is the next logical step, right? 🤷♂️
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2025-07-19 23:11