"Silicon Valley Venture Capital Godfather" Tim Draper (Tim Draper) believes that people will turn to high-quality and decentralized cryptocurrencies such as Bitcoin, and some weaker cryptocurrencies will become historical relics.
Due to the tightening of monetary policy by the Federal Reserve and the knock-on effect of the bankruptcy of major industry companies such as Terra, Celsius and FTX, the crypto market is full of fraud, black gold politics and various conspiracy theories. I'm personally on the sidelines, but still have a lot of confidence. The pool of crypto markets is getting cleaner and cleaner.
In this earthquake in the encryption market, people's awareness is getting higher and higher. God said that the disaster is that people become smarter and see scams more and more clearly instead of pure trust. Altcoins are becoming more and more Like a mainstream currency, if you are a liar, you have to be a liar with a high IQ.
As a government, it will also make the encryption market more orderly through various regulations. There is no doubt that Bitcoin has had a huge impact on the global economic order.
The early dividend period of Bitcoin is over, and the next is the stable period. What are your views on the future? I clearly know that the persistence of beliefs is often not so strong, and few people can hold Bitcoin for a long time.
Bitcoin, as a cryptocurrency, has very big ambitions.
Bitcoin aims to become a universal decentralized protocol for the transfer of value in the virtual space. At the same time, it is very important for developers and users that the first cryptocurrency be very reliable and easy to use.
This leads to a conservative approach in the field of software development. Only the most necessary changes are made to the Bitcoin code. Bitcoin is not an area for experimentation - Bitcoin is a reliable financial instrument.
As for the numerous altcoins, they can be considered as an experimental laboratory for testing all innovations, the best of which will subsequently be introduced into the Bitcoin network.