A bitcoin bull Billionaire Tim Draper named two altcoins that he follows closely in the cryptocurrency markets due to their strong fundamentals and unique use cases.
In a new interview with Bloomberg Markets; billionaire venture capitalist, an open-source programmable blockchain Tezos (XTZ) He said he had everything he wanted to see in a crypto project.
“What I’m looking at is who are the entrepreneurs and engineers behind a particular token. Some tokens are particularly appealing to me. I love Tezos because they have a great engineering team and they have redefined how a token should work. They do this as a Proof-of Stake. They use less energy, they have a new form of governance, and that’s exciting.”
Later in the interview, Draper talked about the Ethereum-based altcoin. Aragon (ANT) He said he was watching too. Aragon is a free and open source software platform that allows users to create and manage their own decentralized autonomous organization (DAO).
Aragon has developed a community-led decentralized court system to handle subjective disputes that require the judgment of human jurors. According to Draper, this system has the potential to “revolutionize the way juries work.”
When it comes to Bitcoin, the founder of Draper Associates believes that king cryptocurrency is a great inflation hedge, and its protocol provides superior trust and reliability to government agencies.
“For investors, I think it’s probably a good idea to hold on to Bitcoin because there are only 21 million Bitcoins out there, they give us the freedom to use them anywhere and represent to us trusting a software rather than trusting a government entity or a bank.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.