Tim Draper: Bitcoin ‘Magic’ Will Dwarf Internet’s Game-Changing Impact

By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin "magic" will dwarf the sprawling influence that even the internet has had. The internet has radically transformed major industries such as communications, gaming, entertainment, and media. However, Draper says bitcoin and the technologies branching from it (blockchain, smart contracts, and artificial intelligence) […]

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Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023

Crypto bull and venture capitalist Tim Draper has disclosed that it could take a little longer for his Bitcoin price target of $250,000 to be reached. Speaking to Yahoo Finance, Draper said that while Bitcoin price could still reach $250,000 by 2022, he was not restricting himself to that timeline as the target might instead […]

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Bitcoin Bull Tim Draper Savages India’s Modi Over ‘Luddite’ Crypto Ban

In a searing attack on the Indian government, Bitcoin bull Tim Draper wrote off the nation’s proposed ban on cryptocurrency as devastating for its economic and technological progress. Draper also cited inherent corruption at the highest level as one of the key drivers behind the alarming legislation. Tim Draper Bashes Narendra Modi’s Bitcoin Plans With […]

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Tim Draper Slams India’s ‘Pathetic & Corrupt’ Leaders for Bitcoin Ban

The Indian government’s stance on crypto continues to spark controversy. This is especially true after reports spread on social networks suggesting that politicians want to ban all cryptocurrencies except for a sovereign token. Billionaire venture capitalist Tim Draper was one of those to voice their opinion. The famous bitcoin (BTC) advocate rejected this strategy, describing […]

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Tim Draper Says Ethereum’s Issuance Rate of 2%-4% ETH Worries Him

By CCN: Billionaire venture capitalist Tim Draper is one of the biggest advocates of the cryptocurrency space. He is famous for his bullish $250,000 bitcoin price prediction, which would reflect a 5% market share around the world in the coming years. Draper supports competition in the space and in addition to bitcoin is also a fan of smart contract technology, other blockchains including Ethereum, artificial intelligence, and big data. But something he reportedly takes an issue with is Ethereum economics, particularly the issuance of between 2% and 4% of ETH supply each year. In an interview with Ethereum Classic Labs,

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Tim Draper Defends ‘Extraordinary People’ Elon Musk & Satoshi Nakamoto

By CCN: Billionaires in Silicon Valley want Wall Street to stop picking on Elon Musk. The Tesla CEO has done more for innovation than most, and putting him down will only discourage other entrepreneurs from taking risks the way Elon did. Venture capitalist Tim Draper, who is also a member of the billionaire’s club, was featured on BNN Bloomberg where he defended the space travel genius and put him in the same camp as bitcoin creator Satoshi Nakamoto. “I’ve noticed something happening in the press that’s not healthy which is this schadenfreude where they go after the tallest trees. They

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Tim Draper Believes Bitcoin Will Grab 5% of the Earth’s Market Share

By CCN: While Elon Musk and Jeff Bezos are focused on Mars, billionaire venture capitalist Tim Draper has his feet firmly planted on the ground. Draper might appear to have his head stuck in the clouds with a lofty $250,000 bitcoin price prediction. But from what he tells Fox Business, the early bitcoin investor isn’t stargazing: “I’m a believer that in four years, something like that, bitcoin will be about a 5% market share of the earth.” Tim Draper on Bitcoin "I'm a believer that in four years, something like that, Bitcoin will be about a five percent market share

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Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users

By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He is named as an investor in the project. This video describes a new market for email. Very interesting. #drapervc https://t.co/GnaEMZd1aR — Tim Draper (@TimDraper) May 4, 2019 BitBounce Pays in Credo The low-key project has already amassed an impressive 4 million users. They are looking

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Tim Draper-Backed Blockchain Unveils ‘Trust Scores for Everything’

By CCN: Internet of Things (IoT) is a major buzzword, almost as prominent in the tech world as “blockchain” itself. It can mean different things to different people. Primarily, the Internet of Things describes a world of connected devices which serve various purposes, everything from building widgets in a factory to monitoring your refrigerator. IoTeX focuses on the first part more than the latter – they’ve realized there is a need for an industrial IoT-friendly blockchain with privacy baked in. They launched their mainnet today. Blockchain Firm Builds ‘Internet of Trusted Things’ Larry Pang, head of growth, said in an

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Facebook Crypto Expedition Tempts Bitcoin Billionaire Bull Draper

Billionaire venture capitalist Tim Draper is one of the few people who could make Facebook likable again. Turns out Facebook crypto could be added to the impressive list of companies Draper’s backed. Draper, whose winning bets have included bitcoin and Skype, to name a couple, plans to meet with Mark Zuckerberg’s team to explore Facebook’s plans for a $1 billion fundraising. The funds would reportedly be used to back the social media giant’s own cryptocurrency. Draper told Bloomberg: “I am interested to hear the story. We will see if it is a fit.” Give Facebook Crypto a Chance Facebook has

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