Venture capitalist Tim Draper says that his investment in bitcoin will be more significant than his early investments. There was an investment in Tesla, Hotmail, and Skype in the combined.
Founder and managing director of Draper Associates and DFJ said at the Intelligence Squared US debate in New York that “BITCOIN IS BIGGER THAN THE INTERNET”
Draper added: “It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution. That affects the entire world, and it’s going to be affected in a faster and more prevalent way than you ever imagined.”
Investor and bitcoin “seer”
Draper repeated his earlier forecast for Bitcoin that it would reach $ 250,000 for four years. “In five years you are going to try to go buy coffee with fiat currency, and they are going to laugh at you because you’re not using crypto,”
“I BELIEVE THAT THERE WILL BE A POINT AT WHICH YOU WILL NO LONGER REALLY WANT ANY OF THE FIAT CURRENCY”
In 2014, it was widely covered when Draper bought 30,000 bitcoins for $ 600 in the amount of $ 18.5 million at the auction.
Previously, he accurately predicted the growth of bitcoin to $ 10,000 in 2017. And this is three years before when prices for bitcoin fluctuated around $ 300.
Editor Note: As a redditor mentioned in a comment, Tim Draper is heavily invested in btc (+10k btc). Take his statement with a grain of salt as it is obviously not without bias.