Billionaire Tim Draper believes retailers will eventually only accept Bitcoin payments, reflecting his strong advocacy for the cryptocurrency through investments in companies like Coinbase and Robinhood. Draper predicts a shift towards Bitcoin as a store of value and potential hedge against inflation, despite current reluctance to spend it.

During an appearance on Bloomberg Television, Draper highlighted the gradual shift from fiat money to Bitcoin in the financial industry. Host Matthew Miller questioned how Bitcoin could disrupt banking if people are hesitant to spend it. Draper predicts a future where all retailers will accept Bitcoin, leading to increased spending of the cryptocurrency.

Despite Michael Saylor’s advice to hold onto Bitcoin, Draper remains optimistic about its future as a widely accepted payment method. As of now, Bitcoin’s value continues to rise, with recent trading prices reaching $113,249.88, marking a 75% increase over the past year. The potential for Bitcoin to become the dominant asset in retail is a key focus for Draper and other cryptocurrency enthusiasts.

Read more at Yahoo Finance: Billionaire Tim Draper predicts only one asset will rule retail