Tim Draper: Bitcoin is safer than bank deposits, and the banking system may face quantum risks sooner
By: rootdata|2026/06/11 04:45:03
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American venture capitalist and billionaire Tim Draper posted on the X platform that he believes the banking system will be breached before quantum computing has the capability to break blockchain. Draper stated that Bitcoin is safer than the dollars in bank accounts. Even if there are issues with blockchain, full node operators can roll back to the last secure block, and the network can continue to operate, whereas dollars and banks do not have this option. He predicts that as retailers begin to accept Bitcoin, it will eventually completely replace the dollar.
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