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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Tim Draper: I have been continuously buying more Bitcoin.
According to BlockBeats, on May 18, Tesla and Skype early investor Tim Draper stated in an interview, "I have been continuously buying more Bitcoin." In July 2014, Tim Draper purchased approximately 29,656 Bitcoins for about $19 million through an auction held by the U.S. Marshals Service, with an average purchase price of around $640. These Bitcoins were seized by the U.S. government during law enforcement actions against Silk Road. Tim Draper has repeatedly expressed optimism about the future potential of Bitcoin, believing that Bitcoin can provide liquidity for emerging markets and serve as a safeguard against currency devaluation.