Still he's not even willing to say how much he paid for the coins....
I'm pretty sure he said about $18 million, he admitted it was over market value, but called it a "long term investment"
Topic: Auction winner Tim draper says "Investors should have btc in their portfolio" (Read 1988 times)
July 14, 2014, 07:57:08 AM
I'm pretty sure he said about $18 million, he admitted it was over market value, but called it a "long term investment"
July 14, 2014, 04:42:14 AM
"i think every trader should have bitcoin in his portfolio" <3
that is so awesome to hear on national tv!
July 14, 2014, 04:33:43 AM
I'm glad somebody has his head screwed on. It makes sense to invest in some. Just look at the price rise from what it was a year or so ago. What other stocks or shares went up by that much? That's not to say bitcoin isn't without its risks, though.
July 14, 2014, 04:30:24 AM
"i think every trader should have bitcoin in his portfolio" <3
July 14, 2014, 12:47:15 AM
He may not be a great speaker, but he has a very insightful and incisive economic worldview.
to have him promote Bitcoin in such a way on national TV is invaluable
to have him promote Bitcoin in such a way on national TV is invaluable
July 13, 2014, 12:53:39 PM
Still he's not even willing to say how much he paid for the coins....
July 10, 2014, 05:56:53 AM
This is huge. Honestly even if "wall street" never buys into btc, if your average middle class investor puts some money in to btc that would be enough to fuel growth.
July 09, 2014, 10:56:13 PM
Of course Tim is saying that other investors should have BTC in their portfolio... he just bought in... 
nonetheless that's good news.
But Bitcoin is not just an investment, it is a currency that is useful. More and more companies realize that. A paradigm shift is about to happen. I'm grateful having the opportunity to watch this revolution unfold.
ya.ya.yo!
nonetheless that's good news.But Bitcoin is not just an investment, it is a currency that is useful. More and more companies realize that. A paradigm shift is about to happen. I'm grateful having the opportunity to watch this revolution unfold.
ya.ya.yo!
I couldn't agree more in all honesty. I'm excited to see products and services with bitcoin being used.
July 09, 2014, 07:38:26 PM
Guys like Draper are more likely to appear on the media and be taken seriously.. I love this kind of news 
July 09, 2014, 07:01:42 PM
That really is a no-brainer of him to say, yeah. He needs to lobby for BTC, that's for sure! But if bitcoin really gains more traction it may very well be that investors just for the sake of diversifying pump some money into the Winklevoss' fund for example. We're talking about big investors here...
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 09, 2014, 04:59:52 PM
I would hope that he believes that after just dropping $19 mill or whatever on all those blocks of BTC.... 
Ha-ha Smooth point, I wish that he would tell us what price he got for those coins but we will be left in the dark on that one
Unless it's in the accounting reports of the Marshall's lol.
July 09, 2014, 02:08:36 PM
I think money managers will start implementing BTC into portfolios as a speculative play like they do already with other funds or equities. It will also be easier to do when the Winklevoss ETF (COIN) hits the street.
Once the first two prove the concept it will spread wide and far. This might be the thing that sets off the vertical bull run.
July 09, 2014, 12:57:39 PM
I agree with him. I think any investor who is smart or knows what they're doing would at least by a couple of coins, preferably a lot more. The potential is there for anyone with half a brain to see it could probably turn into a ridiculous investment over time. In fact, I'd say it's probably currently one of *the* greatest investments you could make right now.
July 09, 2014, 12:42:17 PM
I think money managers will start implementing BTC into portfolios as a speculative play like they do already with other funds or equities. It will also be easier to do when the Winklevoss ETF (COIN) hits the street.
July 09, 2014, 12:23:49 PM
I'd buy that book for sure.
July 07, 2014, 08:22:08 PM
I really wouldn't expect him to say anything else after the huge investment into BTC he just made. Regardless I agree.
Absolutely, but he wouldn't have bought it if he didn't feel that way already. Otherwise it would have been a bad investment.
Of course he is talking his own book now. The good news is that his book is our book and hopefully he has a lot of credibility with a whole new cohort of investors and users.
July 07, 2014, 08:20:12 PM
classic chicken or egg scenario, but putting around $20 million into bitcoin means that you probably believe in it. doesn't seem like a pump and dump at this point.
July 07, 2014, 02:15:28 PM
I really wouldn't expect him to say anything else after the huge investment into BTC he just made. Regardless I agree.
Absolutely, but he wouldn't have bought it if he didn't feel that way already. Otherwise it would have been a bad investment.
July 07, 2014, 01:14:00 PM
Of course Tim is saying that other investors should have BTC in their portfolio... he just bought in... nonetheless that's good news.
But Bitcoin is not just an investment, it is a currency that is useful. More and more companies realize that. A paradigm shift is about to happen. I'm grateful having the opportunity to watch this revolution unfold.
ya.ya.yo!
nonetheless that's good news.But Bitcoin is not just an investment, it is a currency that is useful. More and more companies realize that. A paradigm shift is about to happen. I'm grateful having the opportunity to watch this revolution unfold.
ya.ya.yo!
July 07, 2014, 01:10:11 PM
I really wouldn't expect him to say anything else after the huge investment into BTC he just made. Regardless I agree.
Jump to: