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Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin
tim-draper-reveals-owning-more-crypto-than-just-bitcoin
- American venture capitalist Tim Draper revealed owning more crypto-assets than just bitcoin.
- Draper expects the value of bitcoin to increase as a result of the Federal Reserve’s money-printing tactics.
American venture capitalist and bitcoin bull Tim Draper claims to own “a lot of other cryptocurrencies” in addition to BTC.
Speaking in a recent interview with British entrepreneur Rob Moore, Draper claimed that his diversified portfolio in crypto-assets had led to him being “surprisingly up” despite the economic impact of the coronavirus.
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 criticized the U.S. Federal Reserve’s money-printing response to the COVID-19 pandemic, which he said would lead to the dollar crashing in value. He claimed the impact of the falling dollar would drive more value into bitcoin.
He said,
There are only 21 million of them and they are going to be more and more valuable as you see governments have less and less.
Draper continued, saying his experience working as a venture capitalist and interviewing entrepreneurs has given him a “pretty good view” of what the future is going to look like. He expects governments to move towards decentralization in a competition for their own citizens.
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