In 2014, Tim Draper purchased 30,000 bitcoins in an auction held by the US Marshals Service. At the time, the bitcoins were worth approximately $19 million.
Today, those same 30,000 bitcoins are worth over $100 million.
Draper has been a strong supporter of bitcoin and blockchain technology. In a recent interview with CNBC, he stated that he believes the market cap of bitcoin will eventually reach $80 trillion.
That would put each bitcoin at around $400,000.
Draper has also invested in other blockchain-based companies such as Bancor, Tezos, and LedgerX. He is a firm believer that blockchain technology will revolutionize many industries including banking, healthcare, and even government.
It is clear that Tim Draper is a big fan of bitcoin and blockchain technology. He has made some very smart investments in the space and is reaping the rewards today.
It will be interesting to see how his investments pan out in the future as the industry continues to grow.