According to Odaily Planet Daily, venture capital legend Tim Draper stated in an interview that he has been continuously buying more Bitcoin. As early as 2014, he purchased 29,656 BTC for about $19 million through a U.S. Federal Law Enforcement auction, at an average price of about $640. This batch of BTC came from assets seized by the U.S. government during the Silk Road enforcement action. Draper has repeatedly expressed his long-term optimism for Bitcoin, believing it can bring liquidity to emerging markets and hedge against currency devaluation risks. Tim Draper is a renowned venture capitalist in the U.S., a co-founder of the Draper Fisher Jurvetson fund, and also established Draper University. He is known for his early investments in technology giants, including Tesla, Skype, SpaceX, Hotmail, and Baidu.

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