Bitcoin Advocate enthusiastic on decentralised economy

Highlights

• Venture capitalist believes Bitcoin will improve living standards for many around the world
• Bitcoin remained largely unchanged from yesterday, climbing just 0.20 percent in the past 24 hours to US$57,209.96
• November was marked by the growth of crypto tokens related to virtual reality platforms

A venture capitalist and early advocate for bitcoin has said he believes cryptocurrency is ushering in a new age of peace.

Speaking to CoinDesk TV on Tuesday, billionaire Timothy Draper, said that blockchain-based technology would be irrefutably linked to the global economy in the future.

Draper, an early advocate of Bitcoin and the founder and managing director of Draper Associates, expressed enthusiasm, saying that the world is moving toward a more open and global decentralised economy.

 Bitcoin Advocate Says Crypto Will Bring Peace

Furthermore, Draper said he believes less friction in the currency will lead to wealthier world and that the borderless nature of Bitcoin will ultimately create jobs and improve living standards for many around the world.

Bitcoin remained largely unchanged from yesterday, climbing just 0.20 percent in the past 24 hours to US$57,209.96.  

Altcoin News

November was marked by the rapid growth of crypto tokens related to virtual reality platforms.

Following Meta CEO, Mark Zuckerberg’s announcement of his company’s Metaverse, platforms like Decentraland (MANA), Gala (GALA) and The Sandbox (SAND) saw massive gains as the public’s interest in VR was piqued throughout the month.

For the uninitiated, the metaverse is a digital world combining elements of augmented and virtual reality, where users can interact and create art, build upon virtual land and participate in gaming.

The Sandbox, whose Metaverse is run by its own native currency, SAND, saw the token jump from US$1.55 to US$6.79 in November, an increase of about 350 percent.

Competing Metaverse, Decentralised, is a virtual world where users can participate in a decentralised open market where the native currency, MANA, is used to pay for items within the virtual world.

MANA rose from US$2.81 to US$4.67 during the month, a gain of 66 percent.

Winners and Losers

15th ranked crypto polygon Gained 18 percent in the last 24 hours to reach a price of US$2.19

Horizen (ZEN) dropped 10 percent to US$105.21

Source: Coinmarketcap.com, based on top 100 cryptos.

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