Let's see, a hundred-banger from the January top-tick, over 15 years, compounds out to....some very nice bonus money.
From BeInCrypto, Sept. 17:
Venture capitalist Tim Draper believes the current cryptocurrency bear market will eventually end and subsequently blossom into an $80 trillion dollar market in the span of 15 years.
Draper — one of the cryptocurrency market’s staunchest proponents — is an American venture capitalist and founder of Draper Fisher Jurvetson, Draper Associates, and Draper University....MORE
He told the DEALSTREETASIA PE-VC Summit 2018 in Singapore last week that bitcoin’s current price patterns are similar to that of the internet’s before it burst into the mainstream. He stated:
The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here.Baby Steps
Draper also explained via a video call at the event that the cryptocurrency market’s current downtrend is the result of people seeing the revolutionary potential in the market, but not yet knowing how it will impact the future. Once that impact becomes evident, investors may pile back in. He explained:
I think it’s going to have such a transformative effect on industries that we never even imagined would be transformable. The internet went after industries that were $10-100 billion dollar markets, cryptocurrency will go after trillion dollar markets – these are finance, healthcare and insurance, banking and investment banking, and governments....
Also at BeInCrypto, Sept. 17:
Previously on Mr. Draper:
Dammit! DFJ's Tim Draper Is NOT Batshit Crazy!
He only sounds like that when he speaks.
From FT Alphaville, May 11:...
Related:
July 2016
Theranos Is Flopping Like A Dying Fish
Sometimes they flop themselves right back into the water, but that's not the way to bet....July 2014
...World’s Most Loyal V.C. Says Theranos Critics Are Just Haters
Tim Draper goes to bat for Elizabeth Holmes.
Silicon Valley: Venture Capitalist Tim Draper Has a Cringworthy YouTube Channel
December 2013
Venture Capitalist Tim Draper Wants To Split California Into Pieces And Turn Silicon Valley Into Its Own State
September 2014
UPDATE: California Will NOT Be Splitting Into Six Separate States
