Cryptocurrencies To Be The Non-Criminal Paradise

Cryptocurrencies To Be The Non-Criminal Paradise

Contrary to most common governmental concerns about the use of Bitcoins and other cryptocurrencies, billionaire, investor and bitcoin believer Tim Draper has no qualms. Draper deems that cryptos will be the standard in five years, and only criminals will use cash.

In an interview with Fox business, Draper said that cryptos would become universally widespread in five years, and only criminals will use fiat currencies.

It is a paradigmatic change as now governments and the public opinion do believe criminals are more comfortable using Bitcoin. However, Draper claimed the opposite, stating bitcoin will be harder for criminals and they will hide themselves in traditional fiat currencies and cash transactions.

In the interview with Fox business, Draper said that bitcoin is the most secure currency right now and people should invest in cryptocurrencies “before it is too late.”

Draper also highlighted that banks are constantly under attack; so, he thinks his money is less secure in the banks than money invested in Bitcoins.

The interview took place following JP Morgan decision to start its project on its own digital currency, and to become “the first ever US Bank backed cryptocurrency.”

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Asia,Fiat,KuCoin,Simplex

KuCoin Adds 3 New Fiat Support Options

KuCoin has spent the weekend expanding their support options for fiat currencies with the addition of three new ways to buy crypto with credit cards.  The first of these new fiat additions came on Friday when the platform added support for the national currency of Russia, the Russian Ruble (RUB). This was then quickly followed […]

16 February, 2020
Coinbase,Coinbase PRo,Margin Trading,Updates

Coinbase Pro Now Offers Margin Trading

Coinbase has rolled out the latest feature available to the users of their Pro service – margin trading. Margin trading was somewhat of a buzzword last year in the cryptocurrency industry. Various notable platforms began rolling out the feature, while many others had long offered the ability to trade with leverage on their platforms. As […]

16 February, 2020
Binance,Fiat,Stablecoin,Trading

Binance Expand BUSD Trading Pairs on Their Platform

There are now more ways than ever before to trade the Binance stablecoin, BUSD thanks to the listing of the asset on their p2p service which will mean 3 new pairs with major fiats. The BUSD, which is pegged 1:1 with the USD and has been approved by the New York Department of Financial Services (NYDFS), is the second token to come […]

15 February, 2020
AvaTrade,Europe,ForEx,Market Decrease

AvaTrade Raise Concerns for Euro

Following a rough start of the year for the leading fiat currency in Europe, AvaTrade has suggested that the currency could be “falling apart”. The special report released by the trading platform will make interesting reading for any ForEx traders who are looking to get their investment opportunities in order in what has already been […]

14 February, 2020
CFD,Derivative Trading,eToro,FCA

eToro UK Not Concerned about FCA Derivatives Ban

eToro’s U.K. managing director has stated that the planned proposal by the Financial Conduct Authority (FCA) to ban crypto derivatives won’t have a significant impact on the company. The comments made by Iqbal Gandham are in response to news from the UK’s leading financial watchdog’s plans to ban the “sale, marketing and distribution to all […]

13 February, 2020
Binance,BNB,CoinEx,Listings

CoinEx Set to List Binance Native Token, BNB

Binance Coin (BNB), the native token of the exchange platform, Binance, is set to be listed on CoinEx tomorrow and to celebrate there will be a trading event worth 200,000 CET. The BNB token has become a popular asset not only for traders on its parent exchange but also in its own right as a […]

12 February, 2020
Kraken,OTC,Trading,Updates

Kraken to Launch OTC Electronic Dashboard Tomorrow

Kraken has announced details of the latest addition to their service, an OTC Electronic Dashboard, which aims to assist their OTC users with their price quotes. The news comes just a month after we learned of their acquisition of one of the first OTC crypto services in Australia, Bit Trade, after just a month prior […]

12 February, 2020
China,Market Increase,Trading

China’s Market Looks Like It Is Recovering….Or Is It?

China has been showing its first signs of recovery after 2 weeks of uncertainty due to the coronavirus but major platforms are undecided whether the resurgence is on. This is per the latest news from the likes of AvaTrade and eToro who both shared similar sentiments about the market, albeit with different viewpoints going forward. […]

11 February, 2020