Billionaire Tim Draper: Bitcoin Is 'the Currency of the Future'

Billionaire venture capitalist Tim Draper recently made a rare appearance on a Facebook live Q&A session during which he shared his views and insights regarding current traditional financial markets and also offered some suggestions on how to sensibly invest in cryptocurrencies. Draper, an electrical engineering graduate from Stanford University, is well-known for purchasing 29,656 Bitcoins (BTC) in 2014, for $18 million. from the US Marshall Service auctions. Notably, 144,336 Bitcoins (in total) had been seized at that time by authorities after the US Federal Bureau of Investigation (FBI) had cracked down (and permanently closed) on the illicit online black markets, called the Silk Road.