After pulling his wealth out of public stock markets six months ago, VC investor and serial Bitcoin proponent Tim Draper says he still holds “a lot” of his portfolio in Bitcoin (BTC). In a recent interview, Draper revealed that he had significantly added to his crypto holdings since last year.
“I’m just a believer,” he said in the interview. Draper was speaking as stock markets plummeted worldwide due to concerns over coronavirus. Draper added that his VC firm, Draper Associates, was still active in private markets. His other major crypto investment, Tezos (XTZ), has more than doubled since the start of the year. Many other remarks were already known to Bitcoin supporters, including a $250,000 price target, which Draper now feels will come by around 2022.