Timothy Draper is an American venture capitalist and founder of Draper Fisher Jurvetson venture capital firm, among many other entities. Draper is extremely well known in Silicon Valley and is considered to be a highly successful investor.
Draper and his associates are particularly keen on investing in technology, though investments also cover education and media. Investments include Baidu, Tesla, SpaceX, Skype, , Robinhood, Twitch and Twitter. On the more pioneering front, Draper has invested in Artificial Intelligence (AI), Bitcoin, blockchain and computational genomics.
Draper was also involved in one of the most notable of early examples of viral marketing, by way of recommending that Hotmail attach a brief advertising message at the bottom of every mail.
In the cryptocurrency space, Draper is recognized as being a strong defender and one of the most well-known proponents of Bitcoin. A favourite among the media, Draper is frequently interviewed, covered and quoted in press circles, and Draper himself has conducted many sessions in which he espouses the positive qualities of Bitcoin and blockchain technology.
Being so well recognized and successful, Draper’s words are taken quite seriously, including his belief that Bitcoin will reach $250,000 in value by the end of 2022. Draper has stuck by this prediction consistently and investors find themselves buoyed by the fact that even those on the inside of the financial/investment industry recognized the potential of Bitcoin.
Draper supports the fundamentals principles supporting Bitcoin and related tokens and technology. He has shown support for the decentralization of currency and the fact that people anywhere in the world can have access to financial services only via a smartphone and the internet.