Timothy Draper, the billionaire venture capitalist and early advocate for bitcoin, thinks crypto is ushering in a new age of peace. The rise of borderless currencies like bitcoin, which are open technological standards that anyone can use, will create jobs and improve living standards for a great number of people, Draper said. “The fact that [bitcoin] is so frictionless means that the entire world will become wealthier because, as we all know, the more friction in our currency, the less wealth in a society,” he said.

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