On May 25, 2018, Tim Draper broke into rap mode, sharing a rap with the world on cryptocurrencies at the TNW Conference 2018 in Amsterdam, the Netherlands.
The bullish bitcoin billionaire was at it again, proclaiming the bitcoin gospel and assuring investors that the new world order will happen, overlain on the leading public blockchain. Despite the recent rollercoaster ride, bitcoin still seems to enjoy the support of one of its wealthiest investors.
Tim Draper. Source: CNBC
The Draper Profile
Draper is the founder of Draper University as well as the founder and managing director of DFJ – Draper Fisher Jurvetson, a venture capital fund which propelled him to his current status.
However, his crypto-fame was driven by his investment in bitcoin during the period when he acquired about 30,000 bitcoins which had been confiscated by the U.S. Marshals.
His bitcoins are currently valued at over $220 million. He has since not stopped sharing his bullish outlook toward bitcoin. In a recent Bitcoin congregation held in April 2018, Tim shared with a crowd of cryptocurrency enthusiasts that ‘…I’m thinking $250,000 a bitcoin by 2022.’
He has further gone to praise the Bitcoin system as being among the most secure systems, saying “…No one has ever hacked the bitcoin blockchain. It is the most secure place to put your money.” During this speech, he asked people to place their money in bitcoin given its security as compared to fiat currency.
Over the same period, he went on to criticize India for banning cryptocurrencies, explaining that “The government needs to realize that it is stifling innovation and should instead be creating an environment where these ideas can be tested and promoted…”
Regardless of the situation, his view toward bitcoin and cryptocurrencies in general – has been far from deviant. He has expressed his different viewpoints, all of which support his outlook towards the increase in the value of bitcoin.
Tim Da Rapper
Nakamoto, Made a Token
Perfecto, No Friction
We want a new world order,
We want to play across the Border,
I just wanna be a HODL’r
On my Bitcoin Hustle,
On my blockchain Hustle,
On my Bitcoin Hustle,
On my blockchain Hustle.
During the three-minute rap which was not accompanied by any background music, the billionaire whipped out his iPhone and went ahead to rap, intoning the following:
It is, therefore, quite clear that the downturn in the market has been no deterrent to the billionaire’s enthusiasm for the cryptocurrency market. In fact, he seems to be doubling down on the belief that the market will soon enjoy a rebound and recover.
With the current price of bitcoin standing at just over $7,300 – as of May 27, 2018 – thus with a valuation of $219 million on his 30,000 BTC, a price surge to $250,000 would make Draper one of the wealthiest men in the world!