Tim Draper: Altcoins Are Beta Testers for Bitcoin

Venture capitalist Tim Draper believes the long-running “Bitcoin vs. altcoins” debate is misguided. In a fresh round of comments reported by Cointelegraph, Draper argued that alternative cryptocurrencies act as “beta testers” for new ideas that eventually migrate to Bitcoin—ultimately strengthening the leading network rather than undermining it. He also said Bitcoin’s market share has risen across cycles, citing a current range of about 61%–62%.

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