Tim Draper: When I first bought BTC, the price was only $4 per coin. I firmly believe that Bitcoin is not an investment but a tool to change the world.
TechFlame
2026-01-23 11:36
TechFlame2026-01-23 11:36
English
TechFlame News: Tim Draper, founder of Draper Associates and a well-known investor, posted on X that when he first bought Bitcoin, the price was only $4 per coin. However, his investment at the time was not driven by an understanding of the technology or a vision of the future, but rather by the idea that digital currency could bring change to those unable to access traditional banking. Later, when the U.S. Marshals auctioned 30,000 Bitcoins, he re-entered the market, bidding $632 per coin (while the market price was $618) and winning all nine auction batches. Despite the price later dropping to $180, he held onto his investment, believing that Bitcoin was not merely an investment but a tool to change the "rules of the game" for the world.