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❕Tim Draper believes that fiat currencies are gradually losing trust due to the constant printing of money by the government, unlike Bitcoin, which is limited and grows in the long term.
🟤In his opinion, retail will first start accepting BTC alongside other currencies, and then many stores and businesses will switch to accepting only Bitcoin. This will trigger a mass "run on the banks" — people and companies will urgently withdraw their money and transfer it into BTC, which could cause a serious crisis in the banking system. Ultimately, holding reserves exclusively in fiat will become financially irresponsible: companies should allocate 5–15% in Bitcoin, and families should keep at least a few months' worth of expenses to protect themselves from a potential collapse.
❕This issue is much more complex, requiring dozens of pages of discussion, and is not as superficial as Tim portrays it. Remember to conduct your own comprehensive research when making decisions.