Today we’re excited to be joined by the legendary investor and VC Tim Draper who has a long history of picking winners in Silicon Valley. Join us as we discuss the economics of the upcoming Bitcoin halvening, what is likely to happen to price, and whether miners will throw in the towel. Plus he shares some personal finance and investing tips, and we also discuss his passion for AI and VR technologies.
Tim Draper is one of Silicon Valley’s most forward-thinking VC’s, having previously made his mark investing in companies like Hotmail, where he invented the concept of “Viral Marketing” by leveraging existing social networks.
Since then he has made dozens of successful and well-known investments in companies like Skype, Tesla, Twitter, Robinhood, Coinbase, and also Baidu – which is the world’s largest holder of Artificial Intelligence IP’s and made Tim the first VC to invest in the Chinese tech market in the early 2000s.
Tim is famous in the cryptocurrency world not just for his investments in companies like Coinbase, Unstoppable Domains, and various blockchains, but also for his famous purchase of 30,000 Bitcoin’s at auction back in 2014, when a single coin was trading for roughly $650 per coin.
Since then Tim has been a powerful advocate for Bitcoin and cryptocurrency, throwing his influence behind the world’s leading cryptocurrency in addition to funding projects. His positive outspoken nature has also made him infamous for continuing to claim Bitcoin will hit $250,000 within a few years.
And the blockchain love runs in the family, with his son Adam Draper’s Boost VC fund has invested in more than 100 blockchain-related startups.
Tim is very much a visionary and looks to help others grow their vision through the Tim Draper University where entrepreneurship is fostered and taught. This makes him a passionate defender of entrepreneurs including Silk Road creator Ross Ulbricht, which we touch on in this interview.
#timdraper #bitcoin #investing
Host: Fred Schebesta ➤ LinkedIn https://www.linkedin.com/in/fredschebesta/ | Twitter https://twitter.com/Schebesta
Producer & Writer: James Edwards ➤ LinkedIn https://www.linkedin.com/in/james-f-edwards/ | Twitter https://twitter.com/js_halicon
Live Stream Director: Joel Rennie ➤ LinkedIn https://www.linkedin.com/in/joel-rennie/ | Twitter
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Welcome commentors!!! There was an issue with our filter which disabled over 450 comments without a single notification from YouTube!
The issue has hopefully been fixed and we're fixing it on all previous videos as well.
Bitcoin is the biggest ponzi scheme in history. Based on nothing, all speculation. People like this will tell you bitcoin will rise, because they want to cash out on your money.
These miner apps he speaks about are out. See Minergate or a better one is called CUDO miner. I use Cudo smart miner and its awesome, Good on u Tim. I thought u were just a suit. So sorrywhat i may have missed with that thought! The US jail system is a huge mess. Innocents in prison, lifers for near naught etc Tim seems like a wonderful man with such an impressive vision.
I used to wonder how Draper was rich, considering his low IQ. Then I read that he'd inherited it.
42000 view and no comments. Hmm ? ?
Bitcoin
Cool cheers from Portugal ??
Where are all the comments
No, it won’t. The market is manipulated. And if it does hit $250k, it’ll be for a brief moment and then immediately crash. People will FOMO and lose their shirts.
This is not a reliable market.
How the heck did you get an interview with tim on a 5k sub channel? Whatever you did. That took skill and your video production is considerably above average. Glad to sub
So who is right ?
5:22 Moore's Law from 18 months to 14 months speeding up or 6:29 Moore's Law flattening out. Why do they act like if they agree on the thing ?
No comment
Buy my bags bruh
Draper says 24000 after halving …. 21 minutes
Stop SCREAMing!
Always a pleasure to listen to Tim Draper. Thank you for the interview!
Fyodor Dostoyevsky — 'A society should be judged not by how it treats its outstanding citizens but by how it treats its criminals.' The US incarcerates people at a rate much higher than other countries. In America, nobody is safe. My heart goes out to all my American brothers and sisters.
Based upon BTC history, the 2012 halving event took BTC from $11.86 to a low of $2.50 before beginning its’ march to a new all-time-high of $1,086.00, then correcting down to $153. The 2016 halving event took BTC from low of $153 to $19,900 before correcting down to $3,200. In both cases of 2012 and 2016 halving, the lows of the respective correction were much higher than the previous highs which were reached prior to the halving event. Based on this chart history, it would make sense that the 2020 halving would reach a high far beyond 2017 ATH of $19,900 and when it corrects, the new low should still be higher than $19,900 ATH of 2017. The main point is, it really does not matter if one buys BTC at $7,000 or $6,000 range because the gains will far outstrip the $1,000 difference. What matters most is to buy BTC before the takeoff so one is not left on the sidelines watching and weeping because they missed the boat, or in this case, the rocket.
When there are that many views and no comments it means you paid for advertisement and that's how many people just skipped the ad.
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Tim Draper's eyebrows are bullish
142 holdings… yes
He has a big big bag, so why would'nzt he shill his China mined shitcoins to us?
You probably been hacked by the prisoners. Released them!
Am i a minority for looking up stuff like this? I feel like the gov won't allow btc to grow that much because of greed
What are these nonsense math equations behind him. He's really trying hard to sound smart guys.
16:50 look at Divi coin that’s offering a real use case for remittances and banking the unbanked
I’ll comment. . .
Wow, when did Bitcoin become so goddamn douchey???
Good stuff man, I liked the way u let him speak…many let their ego get into it.
first
I think he has the timing wrong… I can see Bitcoin hitting 250k by the middle to end of 2021. Both of the last tops came in roughly 18 months after the previous halvenings.
And this cycle has shown to be moving faster… with public awareness growing and Wall Street/Institutions around the world taking interest; this cycle is going to blow everyone's expectations out of the water.
BSV!
You know much that is hidden ohTim.
This is very interesting
such a great video with thoughtful insights from a smart man. thanks for sharing.
tumbleweed….
Is it possible to get an RC22 backed by buttery hot sweet delicious corn on the cob…
?
Tim dapper should take a look of Matrix AI Network project, it's everything what u said about AI
What happens to Bitcoin if something better comes along; or if governments outlaw Bitcoin?
The word tax and crypto do not belong together
Never
The tech that allowed skype and iphone came from PUBLIC FUNDING —- the US GOVT funded it.
This same host ta;ls down BTC when interviewing CSW now he is RaRa BTC wtf over
First? …after 3 days. Lol
Well we hope a will be.
Hello?
31k views and only 1 comment. Hes not a good orator of BTC. People who have a couple years of experience can talk more knowledgeable on crypto. He even admits hes not sure how he came to the price prediction after crash. Maybe his followers are just as simple as him and dont have anything meaningful to comment.