Tim Draper is again very positive on Bitcoin. The important American venture capital investor, said to CNBC that Bitcoin is the ‘best place to put your money.’ This is not the firs time that Mr. Draper says very positive comments about Bitcoin and virtual currencies.
Bitcoin ‘The Best Place’ For Your Money
During his conversation with CNBC, Tim Draper discussed about different topics, including Bitcoin and fiat currencies like the dollar. He said that Bitcoin is a far better currency than fiat currencies because the famous crypto is more secure, decentralized, more effective, more useful, and is global and open to everyone. 
“Right now, your banks are being attacked all the time. Hackers are poking holes in your banks and going after your fiat money and the bankers are pounding away trying to keep the hacks away but they are getting hacked all the time,” said Mr. Draper. “No one has ever hacked the bitcoin blockchain, it is the most secure place to put your money, and so as a store of value is a great place to be.”
The truth is that blockchain is a revolutionary technology that is changing the way companies, governments and individuals live. Blockchain has never been hacked, as Mr. Draper said, but instead, cryptocurrency exchanges have been vulnerable to attacks.
During the last year several of attacks occurred, which affected Nano, NEM, Bitcoin and Ethereum – among others.
What Tim Draper said comes in a moment in which Warren Buffet and Bill Gates gave very negative comments about Bitcoin and cryptocurrencies in general, including ICOs. Virtual currency supports like Changpeng Zhao, Mr. Draper, Max Keiser, and many others have defended the virtues of Bitcoin, blockchain and other tokens.
Bitcoin is a great store of value. Michael Novogratz said during an interview with CNN Money, that every investor should buy cryptocurrencies.
“It’s almost essential for every investor to have at least 1% to 2% of their portfolio in cryptocurrencies,” commented Novogratz. He added that this is not about the gains, but also about the technology behind them, which will be game changing in the next few years.
