Venture capitalist and famous cryptocurrency supporter Tim Draper exposed his prognostic on the cryptocurrency market at the DealStreetAsia PE-VC Summit in Singapore last Wednesday, when he predicted that it will rebound to $ 80 trillion within 15 years.
The famous investor thinks that blockchain and cryptocurrencies are “going to have such a transformative effect on industries that we never even imagined would be transformable.”
Like many investors before him, Draper compares the potential of this industry to the internet boom back in the 1990s. The internet, in return, was compared to the telegraph, the railroad, and the automobile industries at its time. No one thought that industries as diverse as agriculture, for example, would embrace the internet.