Tim Draper reveals altcoin holdings (Bitcoin Cash, XRP, Tezos and Aragon)
Venture Capitalists have made a name for themselves thanks to programs like Shark Tank (in the US and Australia) and Dragon’s Den (in the UK) in the past few years. The original show started in 2001 with the Japanese program Tigers of Money.
The fact that Venture Capitalists investors dare to risk it all on a hunch whether or not something will perform is seen as a godsend by Americans, who will make a deal with you whether they know you well enough or not. Time is money as they say in the new world, and so and good business deal is always primordial.
Whereas for Californians the absolute venture capitalist to ask anything about sports or stocks is thus Mark Cuban. For crypto enthusiast on the other hand, that man Tim Draper. He became legendary when he bought 30,000 Bitcoins from the FBI after that agency had seized the infamous Silk Road back in 2013.
The bureau, which sold all those Bitcoins to Draper a year later for an average price of $630 per coin, should of course have kept those holdings. The initial investment has by now grown 1,500% to reach $315 million.
Ripple, Tezos and Aragon
Asked why he held such a wide range of crypto, Draper stated:
I’m a believer. I think it’s happening – adoption, it’s coming. It’s so important for the world, and I want the world to know it, and I want other people in the world to get on board.