Tim Draper: Declining confidence in fiat currencies may ultimately drive businesses and consumers to bitcoin

Foresight News reported that renowned Silicon Valley investor and bitcoin advocate Tim Draper recently stated on "TheStreet Roundtable" program that declining confidence in fiat currency may eventually drive businesses and consumers to turn to bitcoin. "People will get tired of watching the dollar depreciate, from $1 to 90 cents, 80 cents, 70 cents, and eventually rapidly heading toward zero. When that tipping point arrives, businesses may quickly reconsider their payment methods. For example, if I'm a retailer, the first thing I would do is put up a sign saying 'Bitcoin Accepted Here'."