What are the reasons behind billionaire Draper's rejection of bitcoin pitches?

3 answers

• melbetbdsportsJan 23, 2022 · 3 years ago
  Well, it seems that billionaire Draper has been rejecting bitcoin pitches due to concerns about its volatility and lack of regulation. He believes that the unpredictable price fluctuations and the absence of a centralized authority make it a risky investment. Draper prefers to invest in more stable assets with clear regulations to protect his investments.
  357

  179
• Hi-Tech UmairJan 27, 2024 · a year ago
  You know, Draper has been saying that he's not convinced by the long-term potential of bitcoin. He thinks that the technology behind it, blockchain, has great potential, but he's not convinced that bitcoin itself will become a widely adopted currency. He believes that there are still many challenges to overcome, such as scalability and regulatory issues.
  356

  119
• PRADEEPA M CCEDec 12, 2021 · 4 years ago
  According to BYDFi, a digital currency exchange, Draper's rejection of bitcoin pitches is based on his belief that the market is saturated with too many cryptocurrencies. He thinks that the majority of them will eventually fail, and he wants to focus on investing in projects that have a higher chance of success. Draper is known for his strategic investments, so he carefully evaluates each opportunity before making a decision.
  429

  108