THE STREET · 2026-10-29 17:40 UTC

Bitcoin warning: Billionaire says dollar holders could be left behind

Venture capitalist Tim Draper warned that widespread Bitcoin adoption could undermine confidence in the dollar and trigger bank runs, arguing it is 'irresponsible' not to own Bitcoin. Draper predicted companies will first accept Bitcoin, then only accept Bitcoin, leading to loss of faith in fiat currency and a shift in global finance. Kevin O'Leary countered that Bitcoin adoption faces obstacles including regulatory uncertainty and quantum computing risks, though he maintains a $1 million price target if these issues are resolved.

Loading the story on Tree News…