Topic: Why VC Tim Draper Bought All Those Bitcoins (Read 902 times)
A new business venture such as the one he alludes to needs liquidity on both sides of the book. He has plenty of dollars to provide $ liquidity, all he needed was some BTC
Pretty obvious rationale
Core position in coin, satellite positions in btc businesses that ultimately raise value of core position
Core position in coin, satellite positions in btc businesses that ultimately raise value of core position
http://www.ahametals.com/vc-tim-draper-bought-bitcoins/
Tim Draper
“The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world,” Draper said on Monday’s edition of Squawk on the Street.
Tim Draper
“The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world,” Draper said on Monday’s edition of Squawk on the Street.
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