Tim Draper is convinced that ‘draconian’ lockdowns and money printing initiated by world governments could push people toward Bitcoin.
The investor pointed out that the same governments, which basically sank the world economy, are now going to save the economy with incentives. The US Federal Reserve recently launched unlimited quantitative easing to support the economy affected by coronavirus.
According to Draper, it makes people wonder whether they want dollars or BTC. In his last interview, Draper confirmed his earlier statement on Twitter, saying governments could bury the economy with draconian measures.
Currently, nearly four billion people are quarantined in the world to prevent the spread of fatal disease.