Tim Draper On Bitcoin And The Future Of The Financial System: 'After The Automobile, People Still Ride Horses For A While'

The thought leader also criticized the Clarity Act , designed to regulate digital assets, warning that traditional banks are shaping the legislation to protect their own interests and calling the current Senate compromise "worse than no bill at all."Draper believes regulators will come around once they see the incentive — the taxes collected in a Bitcoin-based economy, he said, would dwarf what governments collect today.Earlier in the interview, the vocal Bitcoin maximalist also highlighted his view that, “ ...