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Tim Draper: Bitcoin is safer than bank deposits, and the banking system may face quantum risks even earlier

2026-06-10 02:17:26

Mars Finance News: American venture capitalist and billionaire Tim Draper posted on X platform stating that he believes the banking system will be compromised first before quantum computing has the ability to break blockchain. Draper said that Bitcoin is safer than US dollars in bank accounts. Even if there are issues with the blockchain, full node operators can roll back to the last secure block, allowing the network to continue operating, whereas dollars and banks do not have this option. He predicts that as retailers begin accepting Bitcoin, eventually Bitcoin will completely replace the US dollar.

BTC-2.96%

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