Billionaire venture capitalist Tim Draper, a long-time Bitcoin advocate, believes that one day retailers will only accept bitcoin as a payment. 

“There will be a moment when all the retailers say ‘I accept bitcoin’ and then there will be a moment when retailers will say ‘I only accept bitcoin,” Draper said on Bloomberg Television. 

Tim Draper’s support for bitcoin goes far beyond words. In 2014, he made headlines by spending $19 million to purchase 30,000 bitcoins seized from the shutdown of the Silk Road marketplace.

Today, those coins are valued at roughly $3.5 billion. Draper has also backed major crypto firms, like Coinbase and Robinhood Markets, cementing his…

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