Tim Draper: Cryptocurrencies are the future and millennials should consider investing in Bitcoin

Venture capitalist Tim Draper said in an interview that if you are a millennial, you should consider investing in Bitcoin. Times change, Draper said, and many of the investment and savings strategies that "your father or grandfather" followed are outdated and unreliable. Draper believes that for the older generation, the process of saving money is done bit by bit, but that era is over. He blamed the current financial system for leaving millennials in debt before getting their first salary. Draper said that cryptocurrencies are the future. Although investing in Bitcoin is very volatile and risky, he believes that the ability to transfer value without the need for a bank will be revolutionary.