The founder of the venture fund Draper Associates, Tim Draper, stated that the first cryptocurrency could become a dominant payment medium despite business skepticism. He said that companies are wary of volatility for now: sharp exchange-rate fluctuations create risks for both sellers and buyers. However, the investor is convinced that falling confidence in fiat currencies will outweigh these fears.

Draper predicts that retail networks will start by accepting Bitcoin as an added option, but over time some may abandon traditional money altogether. "People are tired of watching the dollar turn into 90 cents, then 80 cents, and eventually zeroing," he explained.

The billionaire also criticized gold as an obsolete asset, unfit for everyday payments, ironically noting that cutting a piece off from a bar to pay for coffee is nonsense.