Billionaire Investor Tim Draper: “Irresponsible” for Apple & Meta NOT to Hold BTC

Bitcoin Magazine Billionaire Investor Tim Draper: “Irresponsible” for Apple & Meta NOT to Hold BTC Government spending hasn’t slowed, and Tim Draper says that leaves only two real outcomes: hyperinflation or interest rates high enough to break banks.

In this Bitcoin Magazine Podcast conversation with host Spencer Nichols, the Draper Associates founder makes the case that every business should hold at least four weeks of operating expenses in Bitcoin, every individual about six months, and every government a Bitcoin hedge.

He explains why he considers boards that hold zero Bitcoin to be exposed — legally and financially — when a bank holding their cash goes under. Draper also maps his $250,000 Bitcoin price target to the next halving and the supply shock that follows.

Host: Spencer Nichols — Bitcoin Magazine Tim Draper — Draper Associates Chapters:00:00 — Why Apple and Facebook Should Hold Bitcoin on the Balance Sheet01:56 — Decentralization and the Speed of Innovation04:06 — Is AI a Centralizing or Decentralizing Force?06:31 — AI Versus Big Law, Big Banks, and the Bureaucracy09:05 — Government Spending, Hyperinflation, and Bitcoin as a Safe Harbor11:21 — The Confederate Million Dollar Bill and Three Paths for the Dollar13:58 — Open Borders, Pandemic Fear, and the Marketplace of Governments16:56 — Governance as a Service and Governments That Compete for You20:00 — Voting on Phones,...