Billionaire investor Tim Draper has stated that he expects Bitcoin (BTC) — combined with other technologies — to change how governments operate worldwide. In a Medium post published on Oct. 10, Draper calls Bitcoin “the startup currency” and praises its decentralization and borderless nature, saying he believes that BTC will bring the world together: “With Bitcoin, and the decentralization that comes with Bitcoin, geographic borders have become less relevant. No longer are we at the mercy of dictators and toll trolls to grow the world economy. [...] In the long-term I believe with regard to business and economics, we are, …

Tim Draper-backed Unstoppable Domains has launched its new .crypto domain registry on the Ethereum blockchain. The registry allows users to connect any cryptocurrency address to their domain, enabling payments to be made using just the domain name, according to a press release published on Oct. 11. Alleviating the need for length wallet addresses To make a payment, one only needs to know the blockchain domain. This alleviates the need for copying and pasting unwieldy cryptocurrency wallet addresses. Unstoppable Domains believes that this simplifying of cryptocurrency payments will lead to more widespread adoption. CEO, Matthew Gould stated: “We believe that tribalism …

The Los Angeles Mayor’s Office of Budget & Innovation and the city’s Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a blockchain startup contest called Block Tank. According to a Goren Holm Ventures press release published on Sept. 16, the event will take place in front of a panel of celebrity judges at investment-focused blockchain conference CIS. Investing in local innovation Winners will receive a $25,000 minimum investment offer from GHV and a $25,000 pilot project with the city. Ted Ross, the City of Los Angeles’ CIO, said: “Utilizing cutting-edge technologies to improve the lives …

Major Bitcoin (BTC) bull Tim Draper now thinks that his own prediction that the Bitcoin price will hit $250,000 by 2022 may be understating the power of Bitcoin. Bitcoin price to grow with adoption In an interview with crypto news network Blocktv on Sept. 13, the famous American venture capital investor has once again expressed his bullish stance on Bitcoin, forecasting the soon-to-come mass global adoption that will push the price of Bitcoin higher. Draper stated in the interview: "$250,000 means that Bitcoin would then have about a 5% market share of the currency world and I think that maybe …

Tim Draper, a famous investor with an estimated crypto net worth ranging between $350 million and $500 million, has joined the board of directors of EOS-based decentralized application (DApp) firm MakeSense Labs. In a news release on Sept. 9, Draper said: “I am excited to support this amazing application. Sense.Chat improves human connections by allowing private, seamless messaging and payments.” A notable investor Per the release, Draper was an early investor in parent company Sensay. Sense.Chat chief technology officer Ben Sigman said: “We are very excited to have Tim’s support and advice. He’s been a massively important and pivotal figure …

Bitcoin (BTC) price will still hit $250,000 but its status as a safe haven asset could see investors waiting a little longer than planned, serial VC investor Tim Draper says. “People have consolidated towards Bitcoin” Speaking in an interview with Yahoo! Finance on Aug. 9, the notoriously bullish Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023. Due to current trends, however, there might be a slight delay to the giant price tag becoming reality. “It’s consolidated more than I thought it would,” he told the network. He added: “I thought there would be many more …

Bitcoin (BTC) will be the ultimate benefactor from interest in Facebook Libra and cryptocurrencies, billionaire Tim Draper has said. Bridges to a ‘Bitcoin environment’ Speaking to CNBC in an interview on July 19, Draper, who is well known as a Bitcoin advocate, defended both Libra and Bitcoin against recent pressure from governments, particularly in the United States. Asked whether the world was now in a post-Bitcoin environment, he argued that Bitcoin represented the true innovation from the cryptocurrency world, and would ultimately be the tool that reshaped borders, finance and government power. “I think all these other cryptos are bridges …

Bitcoin (BTC) proponent and Tezos investor Tim Draper hit out at the Indian government on Twitter July 16 after alleged evidence appeared it was preparing to ban cryptocurrency. Draper Appears To Mistake Draft Law For Genuine Ban In a strongly-worded message, Draper, who recently took Bitcoin advocacy to Argentina’s government, called Delhi “pathetic and corrupt.” “People behaving badly! India's government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it. Shame on India leadership,” he wrote. The comments attracted immediate pushback from Twitter users, many of them from India, who argued Draper was not …

San Francisco-based blockchain domains firm Unstoppable Domains has secured $4 million in a funding round backed by venture capitalist Tim Draper, co-founder Brad Kam told Cointelegraph in an email on May 23. Following a $730,000 seed round led by investment firm Boost VC, Unstoppable Domains has carried out a Series A round led by venture capital fund Draper Associates. The previous investment was completed in December 2018, a press release notes. The new investment funds will be used in the company’s mission to provide blockchain-powered uncensorable websites, as well as simple payments in major cryptocurrencies such as bitcoin (BTC), ethereum …

Bitcoin (BTC) will have a 5% market share of the entire world by 2023, serial VC investor Tim Draper told FOX Business in an interview on May 10. Speaking on the sidelines of the Salt Conference in Las Vegas, Draper — who has become a stalwart bitcoin advocate — said the largest cryptocurrency would continue to gain dramatically in price. “It’s going to keep going because, I’m a believer than in four years, something like that, bitcoin will be about a 5% market share of the Earth,” he told the network. Draper added: “It’s a better currency, it’s decentralized, open …

Billionaire VC investor Tim Draper is planning to meet with Facebook execs to discuss investing in the social media’s rumored crypto project, Bloomberg reports April 12. According to the report, Draper revealed to Bloomberg that he is “interested to hear the story” around the project, claiming that he is ready to “see if it is a fit.” The move comes on the heels of recent news that the social media giant is reportedly seeking a $1 billion investment from various venture capital firms to develop its supposed cryptocurrency project. On April 8, New York Times tech reporter Nathaniel Popper revealed …

Crypto bull Tim Draper has given advice to the president of Argentina to legalize Bitcoin (BTC) in order to improve the economic situation in the country, Cointelegraph en Español reports March 22. The American venture capital investor reportedly met with Argentina’s president Mauricio Macri on March 20 to discuss the economic prospects of the Latin American country. During the meeting, Draper spoke about the potential of emerging technologies such as blockchain and crypto for improving major problems in Argentina's economy, including the devaluation of the Argentine peso (ARS), as well as the associated brain drain. Cointelegraph en Español quotes Draper …