The insane bet that made this American investor extremely rich

By LeftFooted | bitcoinea | 26 Oct 2025


Tim Draper, an American investor, won the jackpot in 2014 when an insane bet he made paid off big time.


Draper was already pretty wealthy to begin with, but this one bet made him a fortune.


Back then, Bitcoin was still a toddler and most people had no idea it existed. And those who knew usually had no idea what to do with it.


The US Government was trying to get rid of a large stack of BTC it had seized from the well known Silk Road case.


The government decided to auction some of those Bitcoins, and Draper bought around 30,000 BTC for $19 million.


That's around $26 million in today's money, when adjusted for inflation.


Fast-forward to 2025, and 30,000 BTC is worth about $3.3 billion.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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