"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.
I truly belive in this! But bitcoin doesn't have to destroy anything to be honest! It's just about time, the shitcoins are usually rejected by the market and no one really cares about it! That's the usual dynamics of the market. Bitcoin doesn't have to do anything here!
The entire crypto market is at a very nescent stage where we are acquiring new users every single hour. Not all of them are educated about cryptos. As the time goes, as they gather more experiences, they start to understand which is what! That's when they choose their investments wisely. It's normal rules of the market which will happen with time.