BitcoinWorld Russia-Ukraine Talks: A Crucial Step Towards Hopeful Resolution? In a development that has captured the attention of the entire world, the much-anticipated Russia-Ukraine talks have officially commenced. This pivotal moment, reported by the Russian state outlet TASS and shared widely by Walter Bloomberg on X, marks a significant diplomatic overture in a conflict that has profoundly impacted global stability and economies. For those navigating the often-volatile cryptocurrency markets, news of these Russia-Ukraine talks carries immense weight, influencing sentiment and price action across digital assets. The initiation of these discussions, however preliminary, offers a glimmer of hope amidst ongoing tensions, prompting observers to consider the potential ramifications for both the geopolitical landscape and financial markets. What Do These Russia-Ukraine Talks Entail? The commencement of the Russia-Ukraine talks signals a critical juncture in the ongoing conflict. While initial details remain sparse, the very act of sitting down at the negotiation table represents a shift from outright confrontation to a potential pathway for dialogue. According to the initial reports, representatives from both nations have gathered to discuss possible resolutions, though the specific agenda and participants are often kept under wraps to facilitate sensitive discussions. Key Participants: While not always publicly disclosed in full, these talks typically involve high-level diplomatic and political figures authorized to represent their respective governments’ interests. Stated Objectives: Both sides usually enter such discussions with a set of demands or desired outcomes. For Ukraine, this often centers on sovereignty, territorial integrity, and security guarantees. For Russia, concerns may revolve around security architecture, neutrality, or specific regional issues. Location and Format: The choice of location for Russia-Ukraine talks is often strategic, aiming for a neutral ground that can foster an environment conducive to negotiation. The format can vary from direct bilateral meetings to sessions involving mediators or international organizations. The mere existence of these Russia-Ukraine talks , regardless of immediate breakthroughs, provides a mechanism for communication that has been desperately sought by the international community. It is a testament to the persistent efforts behind the scenes to find a diplomatic off-ramp from a conflict with dire humanitarian and economic consequences. Why Are These Russia-Ukraine Talks So Crucial Now? The timing of these Russia-Ukraine talks is not coincidental. The conflict has reached a stage where both sides face significant challenges, and the global repercussions are increasingly difficult to manage. From a humanitarian perspective, the toll in lives lost, displaced populations, and damaged infrastructure is immense. Economically, the conflict has triggered inflation, disrupted supply chains, and fueled an energy crisis that reverberates across continents. This confluence of factors makes the current Russia-Ukraine talks exceptionally crucial. Consider the following critical aspects: Aspect Impact on Urgency for Talks Humanitarian Crisis Ongoing civilian casualties, mass displacement, and destruction of vital infrastructure create immense pressure to halt hostilities. Economic Strain Global energy price spikes, food security concerns, and supply chain disruptions are impacting economies worldwide, urging a resolution. Geopolitical Stability The conflict has heightened tensions among major global powers, increasing the risk of wider escalation and demanding diplomatic engagement. Domestic Pressures Both nations likely face internal pressures related to the conflict’s costs and duration, pushing for a path forward. The current environment underscores a shared, albeit perhaps reluctant, understanding that a military solution alone may be unsustainable or too costly. Therefore, the initiation of these Russia-Ukraine talks represents a pragmatic acknowledgment of the need for dialogue to de-escalate and potentially resolve the conflict. What Are the Key Obstacles to Successful Russia-Ukraine Talks? While the start of Russia-Ukraine talks is a positive step, the path to a meaningful resolution is fraught with significant obstacles. The deep-seated distrust, conflicting objectives, and the complexity of the issues at hand make any negotiation inherently challenging. Both nations hold firm on certain positions, and bridging these gaps requires immense diplomatic skill and a willingness to compromise. Some of the primary hurdles include: Territorial Disputes: The most contentious issue remains the status of disputed territories, with both sides holding strong claims. Finding a mutually acceptable solution here is paramount and incredibly difficult. Security Guarantees: Ukraine seeks robust security guarantees from international partners, while Russia has its own security concerns regarding NATO expansion and military infrastructure near its borders. Neutrality Status: The question of Ukraine’s future geopolitical alignment, particularly its potential neutrality, is a key point of contention. Accountability and Reparations: Issues of war crimes, accountability for damages, and potential reparations are highly sensitive and complex to address in any peace agreement. International Sanctions: The web of international sanctions imposed on Russia complicates negotiations, as their removal or modification would be a significant demand. Overcoming these challenges will require not only flexibility from both negotiating teams but also sustained international support and potentially mediation efforts. The success of the Russia-Ukraine talks hinges on the ability of all parties to navigate these profound complexities. How Might Russia-Ukraine Talks Impact Global Markets and Crypto? The mere announcement of Russia-Ukraine talks can send ripples through global financial markets, and the cryptocurrency space is no exception. Geopolitical events of this magnitude often trigger immediate reactions, ranging from heightened volatility to shifts in investor sentiment towards perceived safe-haven assets. Here’s how these talks might influence various sectors: Traditional Markets: News of progress in Russia-Ukraine talks can lead to a rally in equities and a decrease in commodity prices, particularly oil and gas, as supply fears ease. Conversely, setbacks could cause a downturn and renewed inflationary pressures. Cryptocurrency Market: Bitcoin (BTC) and other major cryptocurrencies have shown mixed reactions to geopolitical tensions. Sometimes, they act as a digital safe haven, seeing inflows during times of uncertainty. At other times, they behave like risk assets, declining alongside traditional stocks. The outcome of these Russia-Ukraine talks could dictate whether crypto sees a surge from renewed optimism or a dip from continued global instability. Energy Prices: A significant breakthrough could lead to a more stable energy market, reducing inflationary pressures globally. Conversely, a breakdown in talks might see prices soar again. Supply Chains: Resolution could ease disruptions, particularly in agricultural exports and manufacturing inputs, benefiting global trade. Investors and traders in the crypto space should remain vigilant, understanding that the market’s reaction to Russia-Ukraine talks will be dynamic and highly sensitive to the perceived success or failure of diplomatic efforts. The resilience of digital assets will be tested by the ongoing geopolitical shifts. Looking Ahead: The Road from Russia-Ukraine Talks The commencement of Russia-Ukraine talks is undoubtedly a significant development, yet it is crucial to temper expectations. History has shown that peace negotiations, especially in conflicts of this scale and complexity, are rarely straightforward or swift. The road ahead will likely be long, arduous, and punctuated by periods of both hope and frustration. Possible scenarios emerging from these Russia-Ukraine talks include: A Diplomatic Breakthrough: This is the most optimistic scenario, leading to a ceasefire, a framework for a peace agreement, and a de-escalation of tensions. While challenging, it remains the ultimate goal. Protracted Negotiations: The talks could evolve into a lengthy process, with intermittent meetings, periods of stalemate, and ongoing low-level conflict. This would keep markets on edge but prevent further major escalation. Breakdown of Talks: Unfortunately, there’s always the risk that negotiations could collapse due to irreconcilable differences, leading to a renewed intensification of hostilities. The international community will play a vital role in supporting these Russia-Ukraine talks , providing mediation, humanitarian aid, and maintaining diplomatic pressure. The world watches with bated breath, hoping that these discussions will indeed pave the way for a just and lasting peace, transforming the current dire situation into one of stability and recovery. Conclusion: A Glimmer of Hope in Complex Russia-Ukraine Talks The initiation of Russia-Ukraine talks , as reported by TASS via Walter Bloomberg, represents a profoundly significant moment in a conflict that has reshaped global dynamics. While the path to peace is undeniably challenging, fraught with historical grievances and conflicting demands, the very act of engaging in dialogue offers a crucial glimmer of hope. For global markets, including the resilient cryptocurrency ecosystem, these talks introduce a new layer of complexity and potential volatility, with outcomes that could profoundly influence economic trajectories. As the world observes these delicate negotiations, the collective hope is that diplomacy will ultimately prevail, leading to a resolution that benefits not only the immediate parties but also contributes to greater international stability and human well-being. The transformative power of dialogue, even in the most difficult circumstances, is now being put to the ultimate test. Frequently Asked Questions (FAQs) Q1: What is the primary source of the news about the Russia-Ukraine talks? A1: The news about the official start of the Russia-Ukraine talks was reported by the Russian state outlet TASS and subsequently shared by Walter Bloomberg on X. Q2: Why are these Russia-Ukraine talks considered so important? A2: These talks are crucial because they represent a diplomatic effort to de-escalate and potentially resolve a conflict that has caused immense human suffering, economic disruption, and geopolitical instability worldwide. Q3: What are some of the main challenges facing the Russia-Ukraine talks? A3: Key challenges include deep-seated distrust, conflicting demands over territorial status and security guarantees, and the complexity of addressing issues like accountability and international sanctions. Q4: How might the cryptocurrency market react to developments in the Russia-Ukraine talks? A4: The cryptocurrency market, like traditional markets, can experience significant volatility. Positive developments might lead to a rally as risk appetite increases, while setbacks could cause prices to decline, depending on whether crypto is perceived as a safe haven or a risk asset at that moment. Q5: What are the potential outcomes of these Russia-Ukraine talks? A5: Potential outcomes range from a diplomatic breakthrough leading to a peace agreement, to protracted negotiations with intermittent progress, or a complete breakdown of talks resulting in renewed escalation of the conflict. Q6: Will the Russia-Ukraine talks immediately lead to a ceasefire? A6: While a ceasefire is often a primary goal, the start of talks does not guarantee an immediate cessation of hostilities. It’s usually a complex, multi-stage process that requires significant agreement on various contentious issues. If you found this analysis insightful, please consider sharing it with your network! Your support helps us bring more timely and relevant information to the forefront of global discussions. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . This post Russia-Ukraine Talks: A Crucial Step Towards Hopeful Resolution? first appeared on BitcoinWorld and is written by Editorial Team
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! MoonPay launches a
Recent market dynamics suggest investors may be shifting their focus from Bitcoin to Ethereum and broader exposure of altcoins, according to the latest CryptoQuant report. First time in over a year: ETH spot volume > BTC Last week, ETH spot trading hit $25.7B vs. BTC’s $24.4B, pushing the ETH/BTC spot volume ratio above 1 for the first time since June 2024. Investors are rotating to ETH and Altcoins. pic.twitter.com/X7mBFVCg5Y — CryptoQuant.com (@cryptoquant_com) July 23, 2025 Ethereum has outperformed Bitcoin by 72% since April, with its ETH/BTC ratio climbing from 0.018 to 0.031—the highest point since January 24, reports CryptoQuant. This upward trend aligns with earlier analyses showing Ethereum’s undervaluation relative to Bitcoin and growing demand for ETH-based assets. The reduced selling pressure on Ethereum, alongside greater accumulation by institutional and retail investors, is fueling this momentum. Data from CryptoQuant shows that fewer ETH tokens are being transferred to exchanges compared to Bitcoin, pointing to confidence in Ethereum’s price stability and future potential. Spot Volume and ETF Trends Reflect Investor Rotation Trading volumes show a change in market sentiment. For the first time since June 2024, Ethereum’s weekly spot volume surpassed Bitcoin’s, with ETH reaching $25.7 billion versus Bitcoin’s $24.4 billion. First time in over a year: ETH spot volume > BTC Last week, ETH spot trading hit $25.7B vs. BTC’s $24.4B, pushing the ETH/BTC spot volume ratio above 1 for the first time since June 2024. Investors are rotating to ETH and Altcoins. pic.twitter.com/X7mBFVCg5Y — CryptoQuant.com (@cryptoquant_com) July 23, 2025 This reversal suggests a rising appetite for ETH among traders. Additionally, ETF data reinforce this pattern. The ETH/BTC ETF Holding Ratio has more than doubled, moving from 0.05 to 0.12, indicating that funds are allocating more capital to Ethereum than to Bitcoin. Altcoin Market Sees Renewed Momentum It’s not just Ethereum that’s benefiting. The broader altcoin market is showing renewed strength, with spot trading volume reaching $67 billion on July 17—the highest level since March. This surge suggests that investor interest is broadening beyond the two dominant cryptocurrencies, reports CryptoQuant. Traders appear to be diversifying their portfolios, taking positions in assets they perceive as undervalued or primed for growth during the next leg of the crypto market cycle. The combined factors of Ethereum’s price surge, reduced exchange inflows, and growing ETF demand indicate a market shift that may continue to favor altcoins in the near term. The post Investors Rotate from Bitcoin to Ethereum and Altcoins: CryptoQuant Report appeared first on Cryptonews .
Crypto investment giant Pantera Capital says there is a “great on-chain migration” underway as tokenization moves from a concept to reality. In a new newsletter, Pantera general partner Franklin Bi says “the rise of tokenized assets today mirrors the early days of ETFs (exchange-traded funds).” Says the investor, “When the first U.S. equity ETF (SPY) launched in 1993, it crossed $1 billion in AUM (assets under management) within a year. But the real inflection point wasn’t its size. It was when ETF volumes began consistently matching and eventually exceeding mutual fund flows. That’s when market structure changed and investor behavior soon followed. We believe tokenization will hit a similar moment in broad market structure transformation and issuer and investor behavior.” Bi says that when any one of four things happens, the tipping point for tokenization will have arrived. Those things include daily on-chain equity volume exceeding $1 billion, tokenized equity AUM crossing $100 billion, a top public company seeing more liquidity on-chain than its home exchange, and a global IPO listing bypassing New York entirely and issuing shares on-chain directly. “When it happens, it will feel obvious in hindsight as tokenization’s ‘ETF moment.’ Today’s early adopters are focused on applying a better set of rails, but the biggest story is the structural shift in the future of capital markets. Once the migration is complete, blockchains will be recognized as the default destination for capital formation, price discovery, and value transfer. The first and last stop for issuers and investors.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Pantera Capital Says Tipping Point for Tokenization Likely Approaching As Sector ‘Mirrors the Early Days of ETFs’ appeared first on The Daily Hodl .
The battle for stablecoin dominance has intensified amidst the broader market rally. New data suggests that the distribution of Tether (USDT) supply between Tron and Ethereum networks appears to alongside Bitcoin’s price cycles. USDT Rivalry In its latest post, CryptoQuant revealed that Tron’s USDT supply was just a fraction of Ethereum’s, with a ratio of 0.3 in 2019. However, by 2022-2023, the ratio climbed above 1.0, as a result of Tron’s rise due to lower transaction fees. Interestingly, Tron first surpassed Ethereum’s USDT supply in 2021, which coincided with Bitcoin’s $64,000 peak. In the current cycle, the ratio has declined as Bitcoin crossed $100,000. CryptoQuant explained that this indicates investors lean towards Ethereum for its security during bull markets despite higher fees. Data also shows that while Ethereum initially led USDT supply growth, Tron’s supply surged to $60 billion and exceeded $80 billion in 2025, demonstrating massive adoption. These supply peaks align with Bitcoin highs, which means that USDT expansion often mirrors broader market optimism. Ethereum remains a stable anchor during periods of volatility and benefits from its established DeFi infrastructure. The USDT supply delta further revealed a notable change. Until 2021, the delta was negative and favored Ethereum. However, it flipped positive in 2022-2023, signaling Tron’s leadership with an edge of $3-8 billion. In 2025, the delta briefly turned negative, indicating Ethereum’s resurgence, but has since swung back, with Tron now holding $3.9 billion more USDT than Ethereum. USDT Transfers Tron’s growing dominance extends to USDT transactions as well. On June 29, the network handled $6.94 million in USDT transfers, which is more than five times Ethereum’s $1.31 million on the same day. This surge was indicative of its appeal in emerging markets facing hyperinflation and currency instability, where TRC-20 USDT functions as a practical alternative banking system accessible via mobile devices in countries like Venezuela, Turkey, Nigeria, and Argentina. In addition, major crypto exchanges now default to TRC-20 for USDT deposits and withdrawals. Beyond transactional dominance, Tron is reportedly exploring a public listing through a reverse merger with SRM Entertainment, although rumors of Eric Trump’s involvement have been denied. Tron’s momentum in handling daily USDT flows underscores its expanding role in the stablecoin ecosystem, reflecting practical utility in global transactions as stablecoins continue to mirror broader crypto market cycles. The post USDT Distribution Between Tron and Ethereum Shows Patterns Tied to Bitcoin’s Price appeared first on CryptoPotato .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! SCOOP: JOE MCCANN
MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi.
Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target. Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of the USA crypto reserve, which is bullish for the altcoin. Meanwhile, the analyst also alluded to the Ethereum ETFs, as another factor that could drive demand for ETH. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to him, these institutional investors count ETH as the future of the crypto industry, which is a positive for the Ethereum price. These institutional investors have recently been warming up to ETH amid optimism that these funds could soon include a staking feature following the SEC’s approval. For the first time last week, these funds beat the Bitcoin ETFs in daily flows. Xanrox is also bullish on the Ethereum price from a technical analysis perspective. He noted that the altcoin is currently inside an ascending channel and breaking out with strong bullish momentum. The analyst also indicated that this was still a good time to buy ETH despite how much it has rallied this month, reaching a six-month high. He claimed that the Ethereum price is somewhere in the middle. As such, those who buy now can get to sell when ETH reaches $5,500. Xanrox added that the $5,500 level is likely where the altcoin will consolidate for a long time before going higher. Interestingly, his accompanying chart showed that Ethereum could even rally to as high as $113,000 at some point. A Demand Shock Is Coming For ETH In an X post, Bitwise Chief Investment Officer (CIO) Matt Hougan declared that a demand shock is coming for ETH, which is why he predicts that the Ethereum price will continue to rally. He noted that the altcoin is up over 50% in the past month and more than 150% since its lows in April, thanks to overwhelming demand from ETFs and corporate treasuries. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout Matt Hougan expects this demand to keep rising. He noted that ETF investors remain significantly underweight in terms of their ETH-to-BTC holdings ratio. The market expert further stated that although ETH’s market cap is about 19% the size of BTC, the Ethereum funds have amassed less than 12% of the assets that the Bitcoin ETFs hold. As such, he expects these investors to allocate more ETH, which is bullish for the Ethereum price. The Bitwise CIO predicted that Ethereum ETFs and treasury companies could purchase up to $20 billion of ETH in the next year, equivalent to 5.33 million ETH at today’s prices. Meanwhile, the Ethereum network is expected to produce around 800,000 ETH over the same period, resulting in demand that is seven times greater than supply. At the time of writing, the Ethereum price is trading at around $3,700, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
A post by WF on X has sparked renewed enthusiasm in the XRP community, claiming there is a 70–90% probability that a settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) will be finalized by August 15, 2025. However, beneath the surface, the case remains complex, procedural nuances dominate, and regulatory deadlines, not rumors, will determine the outcome. Why August 15 Is Significant but Not Decisive August 15 marks the deadline for both Ripple and the SEC to file a joint status report, a regular court requirement, not a settlement trigger. XRP enthusiasts interpret it as a sign that both parties are moving toward a final resolution. JUST IN: The latest rumor claims that there’s a 70–90% chance of a settlement between Ripple and the SEC by August 15 — WF (@WhaleFUD) July 23, 2025 Rather than judgment, August 15 may bring clarity on intent: if courts receive filings showing both parties have withdrawn their appeals, the case could move swiftly toward closure. However, the SEC’s internal process still needs to culminate in a commissioner’s vote before any official settlement is finalized. Legal Realities: Appeals, Withdrawals, and Bureaucratic Timing In a significant development, Ripple has announced its intention to withdraw its cross-appeal , and CEO Brad Garlinghouse has indicated that the SEC is expected to follow suit. This signals that both parties favor an end to litigation, potentially making the release of dismissal papers more likely following the August status update. Former SEC attorney Marc Fagel has clarified that any dismissal hinges on internal SEC steps, including preparing a formal enforcement recommendation followed by a vote from its five commissioners, a process that typically takes one to two months, and sometimes longer. Broader Consequences for XRP and Crypto A true settlement would close the chapter on a legal saga beginning in December 2020, in which Judge Analisa Torres previously ruled that XRP sales on public exchanges were not securities, while institutional sales were. This outcome would significantly reduce uncertainty around XRP’s regulatory classification and could pave the way for clearer rules across the crypto sector. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Conversely, delays, if either party fails to officially withdraw or the SEC commission stalls, risk extending the litigation into 2026, dampening investor sentiment. The Takeaway WF’s claim of a 70–90% settlement probability reflects true optimism in the XRP community, but remains speculation. August 15 brings procedural transparency, not confirmation. The fate of XRP now rests on formal court filings and the pace of SEC internal processes. As investors and observers await the joint status report, it’s wise to treat the rumor as hopeful, yet speculative, and to remain grounded until official filings confirm the next step. Watch for updates around mid‑August, but expect that true resolution may arrive only after internal regulatory procedures play out. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Latest Rumor: 70-90% Chance of Ripple (XRP) and SEC Settlement by This New Date appeared first on Times Tabloid .
Central to Draper’s worldview is the notion that bitcoin is simply better technology than any government-issued currency. Roughly 20% of the global adult population is unbanked, according to the World Bank; Bitcoin enables such people to make online payments, and manage their savings . It’s also incredibly efficient in terms of sending money abroad . A wire transfer will usually take three to five business days (if not more) to arrive, whereas a Bitcoin transaction will generally be sorted within 10 minutes to an hour (or a couple of seconds if you’re using the Lightning Network). This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . Still, Bitcoin is now a 16-year-old piece of technology, and there are plenty of sleeker, more efficient blockchain projects out there. Yet, Draper says that anything new in crypto will eventually make its way back to Bitcoin. “There's this gravitational pull towards Bitcoin. All of the innovation from other tokens is now getting ported over Bitcoin. It’s like Microsoft with WordPerfect and Lotus 123,” Draper said, referring to how the computer company developed its own word processor (Microsoft Word) and spreadsheet program (Microsoft Excel) by replicating technologies from other firms. “Smart contracts, DeFi, that's all moving over to Bitcoin. And bitcoin’s market share has gone from 40% in 2022 to 61% today ,” Draper said. “If you're a retailer, you put up a sign that says, ‘We take bitcoin.’ You're not going to say ‘We take gozo coin,’ or whatever.” The technology’s superiority is one of the reasons why the federal government’s prior hostility to crypto was so maddening, Draper said. How can you compete if you don’t make use of all of the innovations at the tip of your fingers? The U.S. probably lost 10 years of value in the whole ordeal, according to Draper, and while the new Trump administration is firmly pro-innovation, the country still needs to catch up. U.S. users are still geofenced by a lot of crypto projects; nor can they receive airdrops, or tokenize things with the same liberty as most people around the globe. “I met with the leaders of El Salvador and I got jealous,” Draper said. “ Everyone on the street knows how a smart contract works. They build DAOs. They have blockchain everything. It's crazy. El Salvador, which used to be one of the poorest places in the world, could end up being like Singapore.” Draper’s thesis, down the line, is that retailers ( already slowly adopting bitcoin in some parts of the world ) will someday refuse to accept payments in U.S. dollars. “I don't know how long it'll take to get there, maybe 10 years. But there will be a moment there where the dollar and other fiat currencies go extinct,” he said.