tim draper

Timothy Draper is a business venture pioneer in the United States and the co-founder of Draper Fisher Jurvetson Venture Company, a notable early-stage technology investment firm. Draper is currently investing heavily in Bitcoin. He is a major backer of the Tezos project, which recently raised $232 million in a high-profile token sale. Because of his enthusiasm and promotion for Bitcoin, Draper is a proponent of Bitcoin and decentralization, he was also one of the first investors in Theranos

Despite how centralized the market has become, Draper believes that the price of Bitcoin will exceed $250,000 by Q1 2023, citing economic uncertainty and instability in nations such as China as reasons. He then emphasized that this prognosis might be too cautious. Draper reaffirmed his prediction in November, saying that the Lightning Network's adoption and the recognition of Bitcoin as a useful currency might drive the price higher.