Is crypto still a good bet?

Tim Draper, an investor known for VC skills – and the reality TV series Meet the Drapers – talks about the future of crypto.

How long will the crypto winter last? Is it perhaps the beginning of the end?

After investing in successful companies, including Skype and SpaceX, and spotting Bitcoin’s value as early as 2014, one would think Tim’s instincts are well-honed.

The investor predicts that Bitcoin could reach US$250,000 in value in 2023, but given the collapse of FTX and a founder facing criminal and civil charges, where does this leave the wider crypto world?

“The Bitcoin drumbeat just keeps coming. And all these other people … a lot of people are trying to block it. A lot of people are trying to make it not happen. But now there are 100 million people with Bitcoin wallets,” notes Tim.

Listen below to find out more about the VC veteran’s thoughts on the crypto scene.

Tim Draper, founder of Draper Associates, was in conversation with Cláudio Rabin, editor-in-chief of Portal do Bitcoin, on Venture at Web Summit Rio 2023.

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Main image of Tim Draper onstage at Web Summit Rio 2023: LPiaras Ó Mídheach/Web Summit (CC BY 2.0)