Billionaire Tim Draper Thinks Retailers Will Only Accept Bitcoin

In 2014 Tim Draper Paid $19 Million For 30,000 Bitcoins Confiscated Fr

In early 2020, a single Bitcoin would cost you around $10,000. As I type this article, Bitcoin is sitting at an all-time high of $117,588. If you went back to 2014, you could have bought a single Bitcoin for around $400. Why do we mention 2014 specifically? Because that's when investor Tim Draper bought a batch of Bitcoins at auction. The auction was being held by the U.S. Marshals Service. The bitcoins had been confiscated from Silk Road founde…

Billionaire Tim Draper Thinks Retailers Will Only Accept Bitcoin

Billionaire venture capitalist Tim Draper, a long-time Bitcoin advocate, believes that one day retailers will only accept bitcoin as a payment.  “There will be a moment when all the retailers say ‘I accept bitcoin’ and then there will be a moment when retailers will say ‘I only accept bitcoin,” Draper said on Bloomberg Television.  Tim Draper’s support for bitcoin goes far beyond words. In 2014, he made headlines by spending $19 million to purch…