Bitcoin (BTC) bull Tim Draper has unveiled two altcoins that he follows closely in the crypto market due to their strong fundamentals and unique use cases.
Speaking in a recent interview, the billionaire stated that open source programmable blockchain Tezos (XTZ) has what he would like to see in a crypto project:
“What I am looking for is who are the entrepreneurs and engineers behind a particular token. I like some tokens. I love Tezos because they have a great engineering team and they have redefined how to run a token. They do this as Proof of Stake. They use less energy and have a new management style, and that’s exciting. ”
Draper said he is also following the Ethereum-based altcoin Aragon (ANT). Aragon is open source software that allows users to create and manage their own decentralized autonomous organization (DAO).
Aragon developed a community-run decentralized court system to handle subjective disputes. According to Draper, this system could revolutionize the way juries work.
Speech About Bitcoin
Looking at Bitcoin, the founder of Draper Associates says that the leading cryptocurrency is a great hedge against inflation and that its protocol offers superior trust and reliability according to government agencies.
“For investors, I think holding onto Bitcoin is probably a good thing because there are only 21 million Bitcoins out there and they represent the freedom and confidence that allows us to use them anywhere. This makes more sense than trying to trust a bank or a government agency. ”
