Many are living with doubts and skeptic thoughts. And there are those who have spent millions in digital currencies in the hopes of turning them into billions. Has it really worked for anyone? Are people investing in cryptocurrencies just to jump on the bandwagon or is there really something to it? Well, if you want to know the truth, you should definitely learn about Tim Draper. If nothing, you could call this person the biggest believer in cryptocurrencies, bitcoin to be exact. Let’s find out how much stake he has in bitcoin at the time of writing this.
Tim Draper’s Love for Bitcoin
You have to give this man the praise he deserves for believing in Bitcoin and cryptocurrencies like no other investor in the world. The first time he purchased Bitcoin in hopes of making huge returns, he ended up with the sight of a collapse. As a result, Tim Draper lost just about all the money he had invested in the cryptocurrency – it was around $250,000.
You would think that this must have caused him to lose his interest in cryptocurrencies altogether. You would be completely to wrong to this that. The believer of Bitcoin and its future growth went on to own more than 29,000 more units of Bitcoin in 2014. At that time, the price of Bitcoin was just a little morethan $630. You can multiply the price with the number of bitcoins he purchased and imagine how much money he had invested.
With two big investments, he had literally invested millions in Bitcoin. He is still holding on to the bitcoin he had purchased. At the time of rising this, the price of one bitcoin is around $10,397. Imagine how much money Tim Draper has made on his investment with the current price of the digital currency? If you multiply the exact number of coins he had purchased with the current price of Bitcoin, he currently owns more than $300,000,000 in bitcoins. That’s huge!
What Can You Learn from This?
It simply means that you do not have to be afraid of the fluctuations in the cryptocurrency market since they are a commonplace thing here. Not to mention, you should find ways to start trading cryptocurrencies yourself too. If you have not already figured out a way to do that, you should definitely check out Neuer Capital, which allows easy cryptocurrency trading with huge return potentials on its advanced trading platform.
You can also consider XTR Gate blog trading platform to invest in your favorite digital currencies without owning. Yes, it is true that you can make money from digital coins without owning them.
If you are not confident about your speculations and predictions about cryptocurrencies, you can trust one of the richest persons on earth with his decisions. If Tim Draper can trust in Bitcoin and make millions from it, then you should be no exception. You just have to learn to trust and then stay firm to your decisions to make the best return on your investment.