Draper sang a song about bitcoin and criticized governments


Venture capitalist and billionaire Tim Draper performed at the Paris Blockchain Week 2023 summit with a song about bitcoin.

According to the businessman, these poems were written four years ago, but are still relevant. He dedicated the song itself to Silicon Valley Bank and “to all the banks that have failed and will fail in the future.”

According to Cointelegraphduring the speech, Draper noted the general distrust in the digital asset market and emphasized that world governments are in “absolute panic”.

“We are experiencing anthropological changes that are difficult for people. Many resist this,” he added.

According to the investor, a smooth exit from the banking crisis is unlikely under the current US leadership. In particular, he hinted at the position of the White House, according to which digital assets do not meet the stated use cases and create risks for investors and financial stability in general.

Tim Draper concluded by stating that blockchain, bitcoin and smart contracts represent one of the “greatest developments in world history” and should be embraced.

In 2018, the billionaire predicted Bitcoin at $250,000 by 2022; in the summer of 2021, he extended the forecast to early 2023. Already in November 2022, the investor again extended the term by six months.

Recall that in February 2023, Draper proposed to the authorities of Sri Lanka to legalize the first cryptocurrency.

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