Odaily Planet Daily reported that Draper Associates founder and well-known investor Tim Draper posted on X platform that when he first bought Bitcoin, the price was only $4 per coin. However, his initial investment was not driven by an understanding of the technology or foresight into the future, but by the idea that digital currency could bring change to those who cannot use traditional banks. Later, when US marshals auctioned 30,000 Bitcoins, he re-entered the market, bidding at $632 per coin (while the market price was $618) and winning all nine auction batches. Despite the price subsequently falling to $180, he persisted in holding, because he firmly believed that Bitcoin is not just an investment but a tool that “changes the game” and the rules of the world.
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