Tim Draper Reiterates Bitcoin Network Will Replace ‘Laziest Bureaucracies’ Like Banking, Notes ‘Gravitational Pull Back Toward’ BTC Chain

Venture capitalist Tim Draper reiterated his strong belief in the growing influence of the Bitcoin (CRYPTO: BTC) network, suggesting that it will replace traditional banking and government systems.

‘Gravitational Pull’ Toward Bitcoin

Draper took to X, sharing his recent interview on the Founders Room Podcast, in which he talked about the increasing dominance of Bitcoin in the blockchain space.

“I think there’s a gravitational pull back toward Bitcoin…all the great engineers in blockchain are building on the Bitcoin blockchain,” the billionaire investor said.

“It is replacing one of the biggest, laziest bureaucracies there are, which is banking and partly government,” he said, describing Bitcoin as a “huge” industry.

Full story available on Benzinga.com