Tim Draper Speaks on Global Equity Turmoil: "I Expect People to Run to Bitcoin the Way They Do to Gold."
It has been a rollercoaster of a ride for global equity investors over the past few days. Besides the month-long slide in the Chinese markets, the Dow plummeted from approximately 16,459 on August 21stto 15,446 on the 24th. When the going gets tough, investors have historically flocked toward assets that are considered safer, including cash, gold, and....
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In times of market turmoil, investors generally move their money away from riskier holdings into safe-haven currencies or precious metals such as gold. For Tim Draper, a founding partner of prominent Silicon Valley venture capital fund Draper Fisher Jurvetson, bitcoin could emerge as a safe-haven store of value during this type of market environment as well. Global equity markets have been tumbling in the past few days, only to enjoy a brief respite mid-week then start falling again. China has already taken several measures to stem the bloodbath in their stock market, such as cutting....
There are few people as well-equipped to comment on the concept of blockchain-based crowd equity as Boost VC CEO Adam Draper. In addition to his involvement with the long list of blockchain-related investments made at Boost VC, Draper also launched BoostFunder, which he says was the first crowdfunding-for-equity platform. Draper recently shared some of his thoughts on blockchain-based crowd equity on an episode of the Bitcoin.com Podcast. Initially, the venture capitalist stated: “I think we’re at this sort of crossroads with the crowdfunding of the coin-based system. It’s going to work....
Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from current levels. As a result of this decision, 5% of the fund will now consist of bitcoin. The Case for Bitcoin Before making the decision, Jefferies allocated funds as follows: 50% towards (now 45%) physical gold bullion, 30% to Asia ex-Japan....
Tim Draper’s name will forever be entwined with Bitcoin as the person who bought quite a chunk of BTC auctioned off by the FBI in lieu of the Silk Road shut down. But what people tend to forget is that Tim Draper has his own entrepreneur training program called Draper University. And it is one the applications being developed at Draper University that piqued a lot of media interest. In this day and age of modern technology, most consumers are more than happy to view an advertisement or disclose personal information to use free services. As you would come to expect, major brands are eagerly....
Factom, a startup that developers solutions that leverages the bitcoin blockchain has raised $4.2 million in a new round of funding led by Tim Draper of Draper Associates. Factom Inc., a blockchain technology company that has previously revealed major projects such as creating land titles via the bitcoin blockchain in Honduras, has announced a Series A round of equity funding for $4.2 million. Led by Tim Draper of Draper Associates, the funding round will further help in bringing in new personnel and in the development of Factom software that leverages the bitcoin blockchain for real-world....