Assets, Bitcoin

How Much Did Tim Draper Pay for Bitcoin?

In 2014, Tim Draper, a venture capitalist, made a bet that the Bitcoin would be worth $10,000 in three years. He paid $632 for each Bitcoin.

In 2017, his prediction came true and he cashed out, making a profit of over $4 million.

NOTE: This article discusses a high-profile purchase of Bitcoin by venture capitalist Tim Draper. As such, it is important to note that this purchase should not be taken as an endorsement of investing in cryptocurrency. Cryptocurrency investments involve significant risk and can result in total loss of capital. Before making any investment decisions, please research the risks associated with cryptocurrency and consult with a qualified financial advisor.

Draper is a firm believer in the potential of Bitcoin and blockchain technology. He has said that he believes that Bitcoin will eventually become the global currency.

Draper has also been an early investor in companies such as Tesla, Skype, and Baidu.

What do you think about Tim Draper’s investment in Bitcoin? Do you think it was a wise move? Let us know in the comments below!.

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