Tim Draper: I keep buying more Bitcoin

Tim Draper, an early investor in Tesla and Skype, said in an interview, "I have been continuously buying more bitcoins."

In July 2014, Tim Draper purchased about 29,656 bitcoins at a price of about 19 million US dollars through an auction held by the United States Marshals Service, with an average purchase price of about 640 US dollars. These bitcoins were seized by the US government in the Silk Road enforcement action. Tim Draper has repeatedly expressed optimism about the future potential of bitcoin, believing that bitcoin can provide liquidity for emerging markets and serve as a hedge against currency depreciation.