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Coinbase investor: The value of Bitcoin could reach "infinite" dollars
Golden Finance reported that Coinbase investor Tim Draper stated on the X platform that the value of Bitcoin could reach "infinite" dollars, which has sounded the alarm for the collapse of fiat trust, the historic weakness of the dollar, and the acceleration of the dominance of Crypto Assets. Tim Draper explained with an example that during the Civil War, Confederate silver dollars experienced severe Inflation, and by the end of the war, the ratio of Confederate silver dollars to dollars plummeted to over 10 million to 1. As trust declined, people rushed to exchange them for dollars. Now, the dollar index has had the worst start to the year in forty years, and market confidence in the dollar may further decline, while the U.S. is hedging against this by incorporating Bitcoin into its strategic reserves.