Billionaire Entrepreneur Tim Draper Shared His Latest Stance on Bitcoin!

Famous entrepreneur and investor Tim Draper reiterated his confidence in Bitcoin during his statements at the Financial Times Digital Assets Summit event.

Draper, one of the early investors in Tesla and Skype, reiterated his optimistic stance on the crypto market in an interview, saying "I continue to buy Bitcoin."

Draper purchased approximately 29,656 Bitcoin for about 19 million dollars at an auction organized by the U.S. Marshals Service in July 2014. These Bitcoins had been seized by the government as part of the Silk Road operation. Known for this purchase at an average price of 640 dollars, Draper has argued since then that Bitcoin can provide liquidity and protection against inflation, especially for emerging markets.

Speaking at the event, Draper stated that it is now "irresponsible" for companies not to invest in Bitcoin. Draper argued that corporate portfolios should not be limited to cash and similar assets, and that Bitcoin should be among these assets. According to the billionaire, companies that do not own Bitcoin are not adequately considering the interests of their shareholders.

Tim Draper argues that Bitcoin is a strategic asset that can increase company value in the long term, calling on the business world to take action on this matter.