Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments.
Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may be understating the importance and power of Bitcoin. He said that, as the adoption of Bitcoin among the masses increases, the price will skyrocket higher.