Billionaire Draper Likens Bitcoin to Microsoft

Billionaire Tim Draper took to social media on Tuesday to draw parallels between Bitcoin and Microsoft "in the operating system days."

Draper argues that programmers are currently "gravitating" toward the dominant blockchain

The legendary venture capitalist recalled that Lotus 1-2-3 was an extremely popular spreadsheet program in the early 80s. However, Microsoft did not let Lotus dominate by developing its own spreadsheet program, which is widely known as Excel. The program was widely integrated with Windows, which was an integral element of Excel's success

In a similar fashion, Microsoft's word processing software also managed to replace WordPerfect

On top of that, Microsoft also acquired popular presentation software, PowerPoint

"All of these applications became standard with Microsoft, while the early startups were marginalized," Draper said

Draper is comparing Bitcoin to Microsoft's Windows OS to show that various innovations introduced by some alternative crypto projects are now being adapted and recreated on the dominant blockchain

In his social media post, Draper named smart contracts, ordinals, and decentralized finance applications (trading, exchanges, peer-to-peer payments) as some examples of such innovative use cases that are now moving to Bitcoin

"Smart entrepreneurs are always building on the platform with the strongest gravitational pull. That platform is Bitcoin," the billionaire stressed

Draper's uber-bullish price predictions

As reported by U.Today, Draper previously predicted that the price of the leading cryptocurrency would reach $250,000 as early as this year

Draper has also repeatedly stressed that Bitcoin could potentially surge to infinity against the U.S. dollar

"It may be infinite against the dollar as the dollar continues to inflate into nothingness," he added in the most recent post