Tim Draper: "In our lifetime we will see the Death of Fiat & Bitcoin will become the new Standard!"

Timothy Cook Draper is an American venture capital investor, and founder of Draper Fisher Jurvetson, Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm.

Draper has made hundreds of VC investments in companies including Tesla and Theranos, and has made a fortune investing in cryptocurrencies.

In 2014, he bought 29,656 bitcoins confiscated by U.S. Marshals from the shuttered Silk Road black market for $18.7 million, or just $632 per coin. Today each Bitcoin is worth approx. $27,000 and that Bitcoin stash he bought is worth $800,712,000.
Quite a return on his investment.

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