Tim Draper: "Everybody Wants to Leave California"

Tim Draper has been involved in different crypto projects, from the purchase of seized Bitcoins from the Silk Road marketplace website in 2014 to advocating Tezos in 2017.He shared his thoughts with Cointelegraph on Blockchain adoption, regulations in the US and China, and why he wants to leave California.

There's Bitcoin, there's crypto, there's a whole new world out there.

They're not letting money out, they're not letting people use crypto, they're not letting people use Bitcoin to pay.

If you're going to do something in Bitcoin - it's using the Blockchain.

What are they thinking? They're basically saying: yeah, go keep creating stuff - we're not going to let you use it and we're not going to let you have money leave our country.

They're saying: "Well, wow, this government accepts Bitcoin as a national currency! I want to be a part of that!".

Do we listen to the guy who runs the biggest bank in the world? When he says, we shouldn't use Bitcoin - well why listen to that? Because the guy is realizing that people are taking pieces 1 percent, 2 percent, 5 percent of their money out of his bank and putting it into crypto.

It's very likely that Bitcoin will be the largest and biggest currency because they have a network effect.

I think that'll be less important over time, I think more important - more companies like you can get a Kentucky Fried Bitcoin bucket, which is only available to be paid for in Bitcoin in Canada.

One Bitcoin is still one Bitcoin and it will continue to be.