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Author Topic: [2014-07-08] Why VC Tim Draper bought all those bitcoins  (Read 588 times)
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July 08, 2014, 04:08:54 AM

 Bitcoin is creating a whole new platform for entrepreneurship and will provide an important alternative to fiat currencies in countries where people lack faith in their governments' currencies, said Silicon Valley investor Tim Draper.

"The bitcoin world is this new ecosystem where it doesn't cost that much to start a new bitcoin company, it doesn't cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world," Draper said on Monday's edition of Squawk on the Street.

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