Tim Draper Urges Businesses to Adopt Bitcoin for Treasuries
- Billionaire investor Tim Draper claims businesses without Bitcoin are “being irresponsible.”
- Draper predicts Bitcoin will reach $250,000 by the end of 2025.
- He plans to create a fund operating entirely on Bitcoin within five years.
- Bernstein analysts forecast $330 billion in corporate treasuries will be in Bitcoin by 2029.
- Bitcoin’s current price is approximately $97,000, down 11% from its all-time high.
Draper argues that companies not holding Bitcoin are neglecting future financial security, as he anticipates significant growth and adoption in corporate treasuries. He envisions a shift from fiat currency to stablecoins and ultimately to Bitcoin.
Source (2.6)https://decrypt.co/318317/businesses-without-bitcoin-irresponsible-tim-draper?rand=52368
