Tim Draper: cryptocurrency market will grow to $80 trillion in the next 15 years

The current situation in the blockchain industry is similar to the stage of the origin of the Internet, said venture investor Tim Draper at the Singapore summit. He believes that then, as now, in the cryptocurrency market, new technologies appeared in large waves, and sometimes it seemed that the industry has failed.

"Each wave was much larger than the previous one, the same thing is happening now with bitcoin," Draper said.

He noted that the blockchain will affect various industries. Cryptocurrencies will change the spheres of Finance, health care, insurance, investment and banking, as well as public administration, and these are trillion markets, the expert believes.