Bitcoin Forum

So nice to watch


http://video.cnbc.com/gallery/?video=3000289713

I would hope that he believes that after just dropping $19 mill or whatever on all those blocks of BTC....  :P

Tim is a smart guy; I've liked him for a couple years. I'm looking forward to when he can speak confidently and knowledgeably on the topic.

He is exactly right and the investor class is just beginning to catch on. Buy and hold on for the ride.

I'm a Tim Draper fan.

His son Adam as we all obviously know has been long on Bitcoin and now it appears his father is going long on Bitcoin in a big way as well.

When it is all said and done I think having him as the USMS auction was a major win in comparison to some others who could have won.

Tim is active and spending his coins even for everyday things (he said he even bought candy with it) which is a nice change.

I think he brings up a valid point when he says for everything to really go we need some people spending it and not just holding and he intends on doing just that.

That's a good call.I like the statement.  :)

Having Tim Draper win, and using the bitcoin for helping those in need of more stable currency could not have been better for the Bitcoin ecosystem.

I really wouldn't expect him to say anything else after the huge investment into BTC he just made. Regardless I agree.

Of course Tim is saying that other investors should have BTC in their portfolio... he just bought in... ;) nonetheless that's good news.

But Bitcoin is not just an investment, it is a currency that is useful. More and more companies realize that. A paradigm shift is about to happen. I'm grateful having the opportunity to watch this revolution unfold.

ya.ya.yo!

Absolutely, but he wouldn't have bought it if he didn't feel that way already. Otherwise it would have been a bad investment.

classic chicken or egg scenario, but putting around $20 million into bitcoin means that you probably believe in it. doesn't seem like a pump and dump at this point.

Of course he is talking his own book now.   The good news is that his book is our book and hopefully he has a lot of credibility with a whole new cohort of investors and users.

I'd buy that book for sure.

I think money managers will start implementing BTC into portfolios as a speculative play like they do already with other funds or equities. It will also be easier to do when the Winklevoss ETF (COIN) hits the street.

I agree with him. I think any investor who is smart or knows what they're doing would at least by a couple of coins, preferably a lot more. The potential is there for anyone with half a brain to see it could probably turn into a ridiculous investment over time. In fact, I'd say it's probably currently one of *the* greatest investments you could make right now.

Once the first two prove the concept it will spread wide and far. This might be the thing that sets off the vertical bull run.

Ha-ha Smooth point, I wish that he would tell us what price he got for those coins but we will be left in the dark on that one
Unless it's in the accounting reports of the Marshall's lol.

That really is a no-brainer of him to say, yeah. He needs to lobby for BTC, that's for sure! But if bitcoin really gains more traction it may very well be that investors just for the sake of diversifying pump some money into the Winklevoss' fund for example. We're talking about big investors here...

Guys like Draper are more likely to appear on the media and be taken seriously.. I love this kind of news  8)

I couldn't agree more in all honesty. I'm excited to see products and services with bitcoin being used.

This is huge. Honestly even if "wall street" never buys into btc, if your average middle class investor puts some money in to btc that would be enough to fuel growth.

Still he's not even willing to say how much he paid for the coins....

He may not be a great speaker, but he has a very insightful and incisive economic worldview.
to have him promote Bitcoin in such a way on national TV is invaluable

"i think every trader should have bitcoin in his portfolio" <3

I'm glad somebody has his head screwed on. It makes sense to invest in some. Just look at the price rise from what it was a year or so ago. What other stocks or shares went up by that much? That's not to say bitcoin isn't without its risks, though.

that is so awesome to hear on national tv!

I'm pretty sure he said about $18 million, he admitted it was over market value, but called it a "long term investment"