Tim Draper Says He Has Many Cryptocurrencies Other Than Bitcoin
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Tim Draper Says He Has Many Cryptocurrencies Other Than Bitcoin

July 7, 2020      Vandana Malik

Tim Draper, a billionaire venture capitalist has said during an interview that he has a lot of cryptocurrencies. This was revealed by him during an interview with Rob Moore who is a well-known British entrepreneur. This makes it clear that Draper is holding many cryptocurrencies other than Bitcoin and this is the reason why there wasn’t any effect on him even during the lockdown. However, the amount of cryptocurrency has not been revealed by him and for this, he has given an example of playing monopoly. He said, “You know, when I played Monopoly, I never showed anybody how much money I had so so that you’re not gonna get an up or down”.

Draper also praises Bitcoin Cash

Draper has also said that a lot of Bitcoin proponents believe that the U.S. dollar will go down very soon. The Federal Reserve of the U.S. has printed around $9 trillion that people are now losing their confidence in fiat currency and are moving towards Bitcoin. Along with Bitcoin, he has also praised Bitcoin Cash which indicates his interest towards altcoins as well. Back in 2016, he also moved towards Ethereum but in 2019, he has clarified that he doesn’t like the whole concept of Ethereum of being decentralized and not anything else.

BTC price to hit $250,000 by 2023

Along with other revelations, Draper has also made several predictions regarding the price of Bitcoin like he always does. He has predicted that by the end of 2023, the price of Bitcoin will hit $250,000. Along with this, he has also said that he is very well aware of what will happen over the next 15 years. He has said that by interviewing different entrepreneurs he is having a complete idea of what the future is going to be.

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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.