Venture Capitalist Tim Draper has made a bullish Bitcoin prediction stating that the leading digital asset could increase 5x by the end of next year. $250,000, a price level that will require Bitcoin bulls to remain on standby for most of this year and next year is precisely what the Billionaire forecasted. “$250k by end […]
At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1.” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments. On October 6, 2020, the Los Angeles-based venture […]
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The Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include […]
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A pearl of wisdom in the cryptocurrency space advises investors to diversify their investments. Crypto assets happen to be very risky. As such, spreading your wealth across many assets is believed to increase your chances of raking in more returns. Tech billionaire and venture capitalist Tim Draper who is also an outspoken bitcoin (BTC) investor […]
The crypto investor may not have promoted Bitcoin Cash on Twitter after all.
Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, might not have promoted Bitcoin Cash after all.
A hacker appears responsible for a Sept. 4 tweet from Draper stating that he had recently purchased Bitcoin Cash (BCH) that personally thanked Roger Ver. Though the account “Draper” used to tag the Bitcoin.com founder was a Ver imposter profile, the BCH proponent still thanked him for the push the same day.
“I was in contact with his team. He deleted the tweet as soon as he was aware.”
Draper’s purported endorsement of BCH was skeptically received by many on Crypto Twitter, as he is well known as one of the biggest Bitcoin (BTC) bulls. The billionaire investor has stated that he holds “a lot” of his portfolio in BTC after quitting public stocks in favor of the cryptocurrency space in 2019, and is confident that the coin will break $250,000 by early 2023.
The real Draper has not posted to his account since the incident to offer any kind of explanation, leading to speculation about the BCH message.
“Maybe it was a hack after all?” said Twitter user Whale Panda. “Probably just a clueless or paid tweet that backfired.”
Draper has backed a number of ventures that have not always been well received by many in the crypto community. In June, Telegram scammers made off with $40,000 from users trying to buy the Initial DEX Offering (IDO) of Draper’s lending platform Defi Money Market.
“He’s been paid many times to be an ‘advisor’ for many scam projects in the past,” said Twitter user Crypto Whale, also speculating the BCH tweet was a paid advertisement that went wrong.