It’s difficult to imagine many things bigger than the entire internet, especially bitcoin. After all, the internet has revolutionized how many people complete tasks ranging from paying bills to finding love. One person that might be warranted to make such a claim is a person who was an early investor in companies including Hotmail, Skype, and Tesla. Tim Draper is that man and a notable investor in many other companies set within the technology industry.
That being said, Draper isn’t stopping there with his claims of bitcoin becoming a more important invention than the internet. In fact, CNBC reports Draper was quoted as saying that Bitcoin will be bigger than both “the Iron Age and Renaissance.” It’s hard to argue Draper’s success associated with making wise decisions. Draper reportedly purchased 30,000 units of bitcoin during 2014, making him one of the first notable early investors for this type of currency. Industry estimates would mean that, if Draper truly still owns this much bitcoin, it’s currently worth nearly $270 million.
It should be noted that Draper feels that investing in bitcoin among all other types of cryptocurrency is the wisest investment choice. This is due to sizable lead bitcoin has over other cryptocurrencies in regards to overall market capitalization. Draper was asked specifically how his bitcoin investments would compare to those same investments he made in the previously mentioned tech companies. To the surprise of many in attendance, Draper was quoted to say that his bitcoin investments will be “bigger than all of those combined.”
To summarize, Tim Draper recently gave his extremely optimistic view over the future of bitcoin. Tim Draper is notable in the investment world for buying in early to what are now major tech companies including Tesla and Skype. In a recent interview, Draper certainly left no doubts in regards to how positive he felt in regards to the future of bitcoin. In addition, Draper feels that bitcoin is going to revolutionize how people pay for services and goods within the next few years.
Dil Bole Oberoi
