Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

Is Bitcoin a THREAT?

31 Aug 2023 · 1 min

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Tim Draper argues Bitcoin isn't a threat but an enormous opportunity. Hundreds of entrepreneurs building on it will drive adoption and value. He calls for light-touch regulation to let those companies succeed.

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500 different entrepreneurs are all trying to use Bitcoin to transform an industry or another. And that really does start to build usage, it builds value, it makes the Bitcoins themselves more valuable, it makes our lives a little easier. Is it a huge opportunity or is it a threat to our society? And my belief is that it is an enormous opportunity. People are deciding whether, do we let it run free, or do we put constraints on it? And what constraints are those? And is it light touch or is it heavy touch government? And I believe that the lightest touch governments will succeed hugely and get the benefit of all of these companies who are getting started in Bitcoin.