Tim Draper: I Have Been Continuously Buying More Bitcoin
Tim Draper, an early investor in Tesla and Skype, stated in an interview, "I have been continuously buying more Bitcoin." In July 2014, Tim Draper purchased approximately 29,656 Bitcoins for about $19 million through an auction held by the U.S. Marshals Service, with an average purchase price of around $640. These Bitcoins were seized by the U.S. government during the Silk Road enforcement action. Tim Draper has repeatedly expressed optimism about Bitcoin's future potential, believing that Bitcoin can provide liquidity to emerging markets and serve as a hedge against currency devaluation.
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