As China takes steps to release its new digital currency and U.S. lawmakers consider using a digital dollar during the coronavirus crisis, billionaire venture capitalist Tim Draper said both will fail.

The U.S. digital dollar and Chinese DC/EP 'will bomb' (ft. Tim Draper, Draper associates)

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The U.S. digital dollar and Chinese DC/EP 'will bomb' (ft. Tim Draper, Draper associates)

The U.S. digital dollar and Chinese DC/EP 'will bomb' (ft. Tim Draper, Draper associates)