Billionaire Tim Draper reveals two altcoins he’s looking at in the crypto space

[ad_1]

Bitcoin bull Tim Draper names two altcoins in the crypto markets he watches because of their strong fundamentals and unique use cases.

In a new interview on Bloomberg Markets, the billionaire venture capitalist says open source programmable blockchain Tezos (XTZ) has the things he wants to see in a crypto project.

“What I’m looking for is who the entrepreneurs are and who the engineers are behind a given token. I love some tokens. I love Tezos because they have a great team of engineers and they’ve redefined how to make a token work. They do it as proof of stake. They use less energy, they have a new form of governance and it’s exciting.

Draper says he’s also looking at the Ethereum-based Aragon (ANT) altcoin. Aragon is open source software that allows users to create and manage their own Decentralized Autonomous Organizations (DAO).

Aragon has developed a decentralized community-run court system to handle subjective disputes requiring the trial of human jurors. According to Draper, this system could “revolutionize the way juries work”.

Looking at Bitcoin, the founder of Draper Associates says the crypto king is a great hedge against inflation and that its protocol offers superior trust and reliability compared to government entities.

“For investors, I think hanging on to Bitcoin is probably a good place because there are only 21 million Bitcoin there, and they represent the freedom that allows us to use them anywhere and everywhere. that you trust the software rather than trying to trust a bank or government entity.

oh

Check Price Action Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest news Reviews of Disclaimer: The opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

Featured Image: Shutterstock / Kit8.net

[ad_2]