Zest Protocol aims to unlock BTC-backed lending opportunities, Tim Draper notes

Zest Protocol aims to unlock BTC-backed lending opportunities, Tim Draper notes
Bitcoin idle asset, Zest Protocol targets lending

Tim Draper, founding partner of Draper Associates, says that Bitcoin is currently the largest idle asset in the world.

He highlights his support for Zest Protocol, citing the team’s efforts to put BTC to work through BTC-backed lending, which he views as a trillion dollar market opportunity.

Draper has previously called on the U.S. government to allow bitcoin for business transactions and to automate tax collection with blockchain technology. In a recent statement, he advocated for using smart contracts to streamline tax payments with bitcoin. This continues his broader support for expanded bitcoin adoption in mainstream finance.

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