As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin.
Having complete faith in Bitcoin’s inevitable dominance, Draper shared in a recent interview about his investments in crypto-related projects as well. In addition to his successful investment in OpenNode, a crypto payments platform, the seasoned investor’s portfolio includes a variety of decentralized technologies including a social media platform “that cannot be censored by any government entity.” In what seemed like sound advice from the investment guru,
“A lot of it has to do with the team, and a lot of it has to do with the technology.”
Making the investment checklist clearer, Draper stressed on ensuring the technology’s uniqueness, openness, and its ability to make some fundamental impact in the world. He also forewarned users of token investments, by hinting Facebook’s recent initiative as an example,
“If it’s just another token that’s centralized around some company or people, we don’t invest. But if it’s a new token that’s extremely good with smart contracts or a system that makes using Bitcoin easy, I think you’ve got a chance.”
When asked about his wealth in Bitcoin, Draper said that he is still stacking his BTC by accepting payments in Bitcoin for his various businesses. While the interview depicted the general mindset behind a winning investment, one may also take these suggestions as a blueprint to ensure safety from scams while rooting for the most disruptive offerings.