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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling

Christian Encila
Christian Encila
5 months ago
3 mins read
Bitcoin

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The dollar is weakening this year. As reported, the US dollar index declined 7% year-to-date, one of its worst openings in recent history.

The dollar index measures the value of the dollar against six other major foreign currencies. As tensions between the US and several countries have increased on the trade front, worries regarding the long-term strength of the dollar are beginning to emerge.

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Bitcoin Receives More Attention From Investors

As the dollar weakens, more investors are turning to Bitcoin as a potential hedge. Venture capitalist Tim Draper indicated that Bitcoin may serve as an insurance policy against the failure of fiat currencies.

He thinks the digital currency will keep appreciating in value relative to the US dollar, particularly as international confidence in fiat currencies falters.

In a comment he made on the X platform, he said Bitcoin “might be worth an infinite amount of USD.”

Bitcoin might be worth an infinite amount of USD.

During the Civil War, the south’s Confederate Dollar went through hyperinflation.

After starting 1:1 with USD, it ended the war at over 10 million to 1.

People lost faith and scrambled to trade their cash in for USD.

But now… pic.twitter.com/qRTEKl4VkU

— Tim Draper (@TimDraper) May 1, 2025

Draper likened Bitcoin’s present surge to a change in monetary behavior. He pointed out that during uncertain times, individuals will shift their funds towards the assets that make them feel more secure.

While gold has played that function previously, Draper stated that Bitcoin is starting to fill the position because of its digital format and convenience.

A Civil War-Era Analogy Raises Eyebrows

To illustrate his argument, Draper referred to American history. He cited the Confederate States of America, which had printed its own paper money during the Civil War in 1861.

Initially, it was pegged at a 1:1 ratio with the US dollar. But towards the end of the war, the Confederate dollar had disintegrated, exchanging at over 10 million to 1 compared to the US dollar.

BTC is currently trading at $96,239. Chart: TradingView

Draper explained this illustrates how quickly a currency can disintegrate when trust is lost. He cautioned that something like that can happen again if individuals, businesses, and even governments lose faith in the stability of the current system. In his opinion, Bitcoin stands to gain from that change.

Bitcoin Versus Gold In A Changing Market

Gold will usually be the first safe haven when there are financial pressures, but Draper believes that it is no longer number one. He noted that gold has issues such as huge storage fees and physical movement. Bitcoin, however, is a purely online existence and can easily transfer quickly across borders.

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He also stated that Bitcoin possesses special strengths—like limited supply and autonomy from central banks—that make it more attractive than conventional assets.

These characteristics, Draper explained, are becoming increasingly difficult to overlook as the global financial system comes under greater stress.

Governments Start To Take Notice

Draper claims that even some governments are seeking to find out if they should keep Bitcoin reserves. That marks a shifting sentiment towards how cryptocurrencies are perceived, not only among private investors but also public institutions.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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