
PANews|Jun 24, 2025 03:02
Behind the popularity of Bubble Mart, the Bitcoin faith story of legendary Silicon Valley investor Tim Draper has once again attracted attention.
As the "enlightener" of Bubble Mart angel investor Mai Gang, Tim Draper is not only the founder of the famous Silicon Valley VC Draper Fisher Jurvetson (DFJ), but also the founder of Baidu Hotmail、Skype、 Early investors in projects such as Tesla and Coinbase.
In 2005, he and Mai Gang jointly launched a startup workshop in China, laying out China's technology entrepreneurship and blockchain ecosystem early on, and even becoming one of OKX's angel investors.
Draper's connection with Bitcoin began in 2011. At that time, he purchased $250000 worth of Bitcoin on the Mt. Gox platform, intending to hoard 40000 BTC. However, due to delayed delivery of mining machines and platform theft, he almost lost all his money in the end.
Miraculously, this heavy loss actually strengthened his belief: even in the face of massive hacker theft, Bitcoin only briefly fell by 20%, and the system still operated normally. This showed him the resilience and enormous potential of Bitcoin as the core asset of the new financial system.
In 2014, the US Marshals Service auctioned and confiscated Bitcoin from the Silk Road, and Draper purchased all 30000 BTC at a price higher than the market price, becoming one of the most well-known individual whales in Bitcoin history.
Draper firmly believes that Bitcoin can provide low-cost, decentralized financial solutions for the 3 billion unbanked people worldwide, completely disrupting the existing financial order.
In terms of investment logic, Draper always emphasizes that 'passion is more important than data'. He believes that projects that are truly worth betting on should have mission driven and transformative desires. His investment philosophy includes: controlling the pace of capital investment, evaluating the 5-10 year cycle, avoiding imposing one's own experiences on others, and looking at the founder's beliefs and execution rather than just financial models.
Today's Draper is no longer just an early speculator, but the most steadfast advocate of the Bitcoin ecosystem. In 2024, he publicly predicted that Bitcoin would surpass $250000 by 2025 and eventually replace the US dollar as the global reserve currency. Against the backdrop of rising pressure on the depreciation of the US dollar, he frequently advocates for the "extinction of the US dollar" and calls on global retailers to prioritize accepting Bitcoin payments.
Maigang from Pop Mart may have already understood that Draper is not only an enlightener, but also a minority who dares to bet on a new era.
As the tide of the crypto world surges forward, Tim Draper bets on the future in his heart with practical actions.
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