Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the <\/strong><\/em>Meet The Drapers<\/strong> television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.<\/strong><\/em><\/p>\n \u201cLet me get my second prediction to actually happen, and then we\u2019ll move on to other predictions,\u201d Tim Draper tells Hall of Flame, refusing to be drawn on price predictions for XRP and Ethereum.<\/p>\n This makes sense, given it\u2019s been six years since he forecast that Bitcoin would reach $250,000 by 2022.<\/p>\n Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!<\/p>\n \u2014 Tim Draper (@TimDraper) April 13, 2018<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Spoiler alert: It didn\u2019t.<\/p>\n Which is not to say it won\u2019t happen eventually, as Draper has been pretty far-sighted in the past.<\/p>\n Back in 2014, Draper scooped up around 30,000 Bitcoin for $19 million after the U.S. Marshals took down Silk Road. Fast forward to today, and those Bitcoin have increased 4,165% in value to be worth a whopping $810.5 million.<\/p>\n Around the same time, he made a prediction that Bitcoin would reach $10,000 in three years, and lo and behold, it hit that mark in 2017.<\/p>\n Draper explains that he only dropped the $250,000 prediction <\/a>because people kept asking after <\/a>he totally nailed his first Bitcoin price guess.<\/p>\n \u201cThe only reason I\u2019ve given the second prediction was that the first one was so good. I had a lot of pressure to put another one out there,\u201d Draper declares.<\/p>\n He has politely requested a deadline extension on Bitcoin reaching a quarter of a million, with a timeline that would give a university lecturer a heart attack.<\/p>\n \u201cGive me until the end of June next year,\u201d he says.<\/p>\n Draper accuses the U.S. government of messing up his price prediction. He had expected the growth of blockchain to be reminiscent of the internet era, similar to when he made his earlier investments in companies like Hotmail and Skype.<\/p>\n He emphasizes the significant benefit that the United States reaped by maintaining a hands-off approach to overregulating the internet.<\/p>\n \u201cI expected a much more light touch, the way Bill Clinton was with the internet; they said, hey, we got the internet! We regulated the internet, and Bill Clinton smartly left it alone, and it was fantastic for the whole world.\u201d<\/p>\n Despite the media coverage, Draper doesn\u2019t spend his days making predictions<\/a>; in fact, his schedule is quite packed.<\/p>\n At 65 years old, he remains highly active, renowned as a serial investor who chucked cash early in companies like Tesla, SpaceX, Coinbase, and, well \u2026 Theranos.<\/p>\n He enjoys playing basketball because it energizes him and puts him in an investment mindset.<\/a><\/p>\n \u201cWhen I play basketball, I\u2019m thinking about how I can get the defender to move one way, and then I\u2019ll move another,\u201d he explains.<\/p>\n Draper claims he possesses alpha instincts both on the basketball court and in the investment world.<\/p>\n \u201cI\u2019m very aggressive; if I see something I like, I go right after it,\u201d he says.<\/p>\n \u201cI guess as an investor, I invest like a chess move because I\u2019m always evaluating not just the entrepreneur or the idea. But what happens if it\u2019s successful? how great could it be? What does the world look like then?\u201d<\/p>\n Read also<\/p>\n The legal dangers of getting involved with DAOs<\/p>\n <\/a>\n <\/div>\n Forced Creativity: Why Bitcoin Thrives in Former Socialist States<\/p>\n <\/a>\n <\/div>\n<\/div>\n<\/div>\n Draper started with a very modest Twitter following.<\/p>\n \u201cI think I had one Twitter follower, and it was my mother,\u201d he jokes.<\/p>\n While you might assume that one of Draper\u2019s investments or media appearances helped his following to skyrocket, he describes his growth as very natural, attributing it to the content he has been consistently posting over the years, which has kept people coming back for more.<\/p>\n He is proud of how \u201ctruly organic\u201d his following is.<\/p>\n \u201cI think I have the most steady increase of Twitter followers of any influencer,\u201d he declares.<\/p>\n People behaving badly! India’s government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it. Shame on India leadership. Pathetic and corrupt. #India<\/a> #bitcoin<\/a><\/p>\n \u2014 Tim Draper (@TimDraper) July 17, 2019<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Draper isn\u2019t here to clutter up his followers\u2019 feeds with nonsense.<\/p>\n He\u2019s all about adding a little sprinkle of value to their lives, and he sticks to only posting about three times a week.<\/p>\n \u201cI tend to post where it\u2019s something I feel like people should see or where one of my startups has done something extraordinary, and I want to promote them,\u201d he explains.<\/p>\n Within the 2,400 accounts he follows on Twitter, he relies on a select group of trusted people to keep him informed about the crypto industry<\/a>.<\/p>\n Among his trusted crew are Gemini founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Ripple co-founder Chris Larsen and Silicon Valley investors Brad and Bart Stephens.<\/p>\n Congratulations and thank you to Brian Armstrong and his team @coinbase<\/a> for a very successful Direct IPO. We @drapervc<\/a> are thrilled to be venture investors in this leading #crypto<\/a> company as it brings the old world of currency and banking together with the modern world. #Bitcoin<\/a><\/p>\n \u2014 Tim Draper (@TimDraper) April 15, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n\n
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Investing Alpha<\/h2>\n
\n Features<\/span><\/p>\n
\n Features<\/span><\/p>\nWhat led to Twitter Fame?<\/h2>\n
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What type of content can people expect?<\/h2>\n
What content does Tim Draper like?<\/h2>\n
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Tim Draper predictions<\/h2>\n
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