Tim Draper is a well-known venture capitalist and one of the earliest investors in Bitcoin. He has been a vocal advocate for the cryptocurrency and has predicted that it will reach $250,000 by 2022. Draper has also been a major proponent of blockchain technology and has invested in several blockchain startups.
Draper has never publicly disclosed exactly how much Bitcoin he owns. However, he has been known to make bold predictions about the cryptocurrency and has been a major investor in Bitcoin-related companies.
In 2014, Draper made headlines when he won an auction for 30,000 Bitcoin that had been seized by the US government from the Silk Road dark web marketplace. At the time, the Bitcoin was worth around $19 million. Draper reportedly paid $632 per Bitcoin, which was a significant discount from the market price at the time.
If Draper still holds all of the Bitcoin he purchased at the Silk Road auction, it would be worth over $1 billion today. However, it is unclear whether Draper has sold any of his Bitcoin or if he has made any additional purchases since then.
In addition to his Bitcoin holdings, Draper has also invested in several Bitcoin-related companies. In 2013, he invested $1.6 million in Coinbase, which is now one of the largest cryptocurrency exchanges in the world. He has also invested in other blockchain startups, such as Factom and Tezos.
Draper has been a vocal advocate for the benefits of Bitcoin and blockchain technology. He has argued that Bitcoin offers a more secure and decentralized form of payment than traditional currencies. He has also praised the ability of blockchain technology to create more transparent and efficient systems for a variety of industries.
Despite his bullish predictions for Bitcoin, Draper has also acknowledged that there are risks associated with investing in the cryptocurrency. He has warned investors to be cautious and to only invest what they can afford to lose.
In conclusion, while Tim Draper has never publicly disclosed exactly how much Bitcoin he owns, it is clear that he has been a major investor in the cryptocurrency and related companies. His investments in Coinbase and the Silk Road auction have likely resulted in significant gains, and he continues to be a vocal advocate for the benefits of Bitcoin and blockchain technology.