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Why Billionaire Venture Capitalist Tim Draper is Bullish on Bitcoin
Disclaimer: This is not financial advice. Contact your financial advisor before making any investment decisions. Invest only what you are comfortable losing. Originally published Saturday, 4/4/2020
Happy Saturday!
I’m starting a series called “Saturdays Are For The Bitcoin” which will profile some of the richest & smartest investors, philosophers, founders, developers, etc. behind Bitcoin and synthesize their arguments and investment theses.
I want to explain the value potential of Bitcoin by proxy through the current investment syndicate. If you think of Bitcoin as if it were a VC investment (like investing in Facebook before it was a publicly-traded stock) you can imagine all of the current investors being a part of a syndicate. Although Bitcoin is fundamentally different from a startup company, achieving the best return on an investment in Bitcoin may require you to hold it for 7–10 years or longer, so I feel this analogy is useful. The first Bitcoiner I will detail is Tim Draper.
