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Tim Draper: Not owning bitcoin is irresponsible and could lead to run on banks

Tim Draper: Not owning bitcoin is irresponsible and could lead to run on banks
Draper sees risk in not owning bitcoin

Tim Draper, identified as the founding partner of Draper Associates and linked via Tim Draper, considers it irresponsible not to own bitcoin. Draper suggests companies will move from accepting bitcoin to only accepting bitcoin, and that as people cease to value dollars or fiat currency, a run on banks could eventually follow.

Earlier this year, Draper Associates led the Series A for Mogul Club after an update from Alex Blackwood in May highlighted the team’s vision, according to a previous report. Tim Draper has also commented on how investors observe founders’ actions immediately following new investment rounds, noting differences in their responses, as reported in an earlier article. These developments follow Draper's continued focus on founder behavior and investment strategy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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