Even if you’re relatively new to the crypto scene, odds are you’ve heard the name Tim Draper. The guy gets around. From attending all the major blockchain events in the world or seeing his face plastered on all crypto news outlets, Draper is easily one of the most recognizable figures in the industry. But how exactly did he become a “bitcoin guru” and more importantly, should anyone care?
WHO IS TIM DRAPER AND HOW DID HE GET RICH OFF BITCOIN
We now know Tim Draper as the billionaire venture capitalist but who was this guy five years ago? According to Draper, in 2014, he purchased a large stash of BTC at an auction. 30,000 to be exact. At the time, he outbid all other investors by paying $632 per Bitcoin. Doing a little math, you can figure out Draper spent $18.96 million in 2014 which eventually took off to unseen heights. In five years, Draper made $89 million from his Bitcoin investment and now, is one of the most trusted names in the industry.
WHAT DOES TIM DRAPER THINK ABOUT THE FUTURE OF BITCOIN?
Seeing as Draper has a lot invested in Bitcoin still to this day and is an influential figure in the industry, his opinion matters. Despite the bear market being where it is right now, Draper still believes 1 BTC will be worth upwards of $250,000 by the year 2023? What is he basing this off of though? Draper was pretty vague about it but he states that he has a “pretty good sense of what’s going on four, five, six or ten years from now because that’s my business.” Well, you heard it from the man first. Are you prepared?
TIM DRAPER SAYS BUY BITCOIN AND CRYPTO; ARE YOU READY?
Don’t let this bear market fool you. Draper and the great minds of this industry all point to massive growth eventually. One creative way to hedge your portfolio now is through crypto backed lending platforms. One up and coming startup YouHodler is receiving international attention for various reasons. Featuring more crypto as collateral options than anyone else, and industry best loan to value ratio (80%) and a reputable background in FinTech and Forex, users flock to this website to get a cash loan.
Using your crypto as collateral, users can receive a cash loan to invest in more crypto, keep their mining business afloat or restructure their portfolio in a more favorable manner. So if you want to get money now without selling your crypto, head on over to their site today.