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At a recent session of the AMA on Facebook that was held earlier today, legendary venture capitalist, Tim Draper, gave advice on how to get ahead. 39 cryptographic investments.
Draper bought 29,656 Bitcoins from the Marshall Service for about $ 18 million after the FBI closed the Black Road drug site on the black market in 2014. Today, that investment is worth about $ 118 million. dollars. Despite this, the venture capitalist says there is still time to invest in Bitcoin.
"What is it? [Bitcoin] This is the future of money and it will be decentralized and open and you will get a much more fluid and dynamic currency if you own Bitcoin than if you own dollars, "he says.
He warned investors not to get caught up in short-term price fluctuations. He added: "I never make Bitcoin predictions in the short term because anything can happen in the short term. he [Bitcoin] will go up and down and if you invest in the short term, you make a mistake. "
"People can manipulate the price, it goes up, down, depending on the big customers who buy or big owners who come to sell."
He further stated, "Sometimes Bitcoins will feel very valuable … and sometimes you will feel like money is what you really want to keep. If you want to keep your money, you probably want to buy Bitcoin. "
Draper recently met with Argentine President Mauricio Macri and suggested he make Bitcoin the national currency of the country.
Read more: Tim Draper to Argentine President: BTC as national currency will attract crowds
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