In 2014, Tim Draper bought 30,000 bitcoins for less than $ 20 million. Now this amount of crypto currency is worth almost $ 215 million.
DRAPER BELIEVES THAT THE FUTURE FOR CRYPTO-CURRENCIES
The creators of technological startups tend to live in the future. They see the development of events in the future, which most can not yet perceive as fiat accomplice. The same applies to venture investors. Tim Draper managed investments in such companies as Skype, Tesla and Twitter."If you try to use the currency in five years, you will be laughed at," Draper said in an interview with Forbes, tying up a tie with crypto-currency logos. "Bitcoin and other crypto-currencies will become so important ... [that] there will be no reason to use fiat currencies."
ALMOST $ 200 PROFIT ON BITCOINS
Of course, Bitcoin is the grandfather of all crypto-currencies. Its current market capitalization is about $ 120 billion. Yes, it is difficult to compare it with the global volumes of fiat currencies that are in the region of $ 2 trillion. But in one only in 2017, Bitcoin rose more than 700%.DFJ Venture Capital, Draper's company, has been keeping a positive eye on Bitcoin for quite some time now. Draper himself is known for buying 30,000 BTC in 2014 during a government auction, which sold assets seized from Silk Road - the black market from Darknet. At that time, it cost less than $ 20 million.
Now the same number of bitcoins is almost $ 214 million.
Hardly two hundred millionth profit on one thing alone can make anyone look with optimism on Bitcoin, Ethereum and almost every other crypto currency.
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