Tim Draper reveals why investing in Bitcoin when no one is optimistic

Source: CritpoTendencia Original Title: Tim Draper reveals why he bet on Bitcoin when no one believed in it Original Link:

The story of Bitcoin starting from $4

Renowned venture capitalist Tim Draper recalls his initial contact with Bitcoin. He bought in when the price was around $4, at a time when he didn’t fully understand the technology nor could he foresee its future global influence.

What attracted him was the idea that digital currency could expand financial services to groups historically excluded from traditional banking systems.

Based on this premise, he invested $250,000 in CoinLab, and also directly purchased Bitcoin with another $250,000. He believed Peter Vessenes’s advice to store mined coins on the Mt. Gox platform. However, this decision turned into an expensive lesson after the Japanese exchange collapsed, resulting in the loss of his funds.

From Losses to Conviction: Auctions and Resilience

But Draper did not give up on his Bitcoin theory. In 2014, when the U.S. law enforcement auctioned approximately 30,000 Bitcoin seized during investigations of illegal online markets, the investor made another move.

He bid $632 per Bitcoin, above the market price at the time, successfully winning all nine auction batches. Later, when the price dropped to $180, Draper chose to hold his position, convinced that the true value of the technology would eventually be realized in the long term.

This conviction was also reflected in concrete actions. As a token of appreciation to the first speakers at Draper University, he gifted physical Bitcoin commemorative coins. According to him, some of these speakers only discovered the coins years later and started rummaging through the rooms where they had casually placed them.

Bitcoin, Financial Inclusion, and Future Vision

Draper’s experience demonstrates how a long-term perspective and persistence can turn early intuition into a global financial revolution.

Beyond speculation, his investments have always been linked to the social impact of cryptocurrency, as he believes Bitcoin has the potential to change the lives of millions excluded from traditional financial systems.

Today, as BTC continues to open new avenues for financial inclusion and redefine monetary rules, stories like Draper’s encourage us to look beyond volatility and understand the structural value of technology designed to democratize access to financial services worldwide.