Tim Draper, owner of the venture capital firm DFJ has been backing Vechain for a while now. Today Vechain gave some more exposure to Tim Draper with the tweet down below.
We see eye to eye with our investor, @TimDraper, regarding the future of cryptocurrencies and use of blockchain solutions. https://t.co/QEvnx6NM6A
— VeChain Foundation (@vechainofficial) March 26, 2018
A good reason for us to have a look at Tim Draper and what this could mean for Vechain.
Tim Draper on cryptocurrency’s
Tim Draper, raised in a family of venture capitalists, is the founder of DFJ. DFJ is an American venture capital firm focused on enterprises working on disruptive technologies. DFJ has invested in companies like Twitter, Tesla, and Skype.
Draper is known for being pro blockchain. Back in 2014, Draper received worldwide coverage when he purchased almost 30.000 bitcoins at an auction of the seized Silk Road (an illegal online marketplace) bitcoins. This proved to be a very lucrative deal, with the bitcoin price exploding (x10) in the years to follow.
During a recent WebSummit Draper gave his vision of the future: “In five years, if you try to use fiat currency they will laugh at you, Bitcoin and other cryptocurrencies will be so relevant … there will be no reason to have the fiat currencies”
Tim Draper and Vechain
According to CBInsights, Draper currently is one of the top four investors in blockchain technology.
Draper currently is invested in Ledger, Coinbase, Robinhood as well as the cryptocurrencies Factom and Vechain.
It is great to see support from major players like Tim Draper for Vechain. While their funding and support will boost the development of Vechain, their support also validates that Vechain currently is one of the best projects in the blockchain space.
Remember, guys like Tim Draper don’t play around, and only invest in the best each sector has to offer after intensive research.
