Dollar Will Eventually Run Like Bitcoin: Venture Capitalist Joyce Kim

Bitcoin and other digital currencies won’t entirely replace traditional currencies like dollars, venture capitalist Joyce Kim told CNBC on Wednesday.

The SparkChain Capital co-founder said on “Squawk Box” that she does not believe “the tokens will become the money of the future for every single person for every transaction.”

Kim, whose firm invests in blockchain and cryptocurrency innovations, said she believes “it’s super important for people in various economies to be able to transact in local currencies.”

In fact, she predicted the dollar “will eventually run like current cryptocurrencies” because the underlying blockchain technology is “faster, more efficient, cheaper.”

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