## Tim Draper Shares His Vision for Emerging Technologies
Billionaire Tim Draper recently took to X to share his thoughts on unconventional emerging technologies, including artificial intelligence and cryptocurrencies. As the head of Draper Associates, he reminisced about the firm’s early investment in Bitcoin, a time when many traditional market players were still skeptical. “We were among the first to believe in Bitcoin at Draper Associates, and we’ve continued betting on the next generation of groundbreaking ideas since. Yes, we’re still big on crypto but industry-agnostic by design. If it’s unconventional and world-shifting — we’re in,” he stated.
His comments come as Bitcoin experiences an upward correction, reclaiming the $83,529 price mark. Despite the ongoing U.S.-China trade tensions, the asset has managed to overcome weekly losses. Market analysts have noted that this rebound is essential for Bitcoin to retest previous support levels, which have now turned into resistance at $94,500, according to the MVRV extreme deviation pricing bands indicator.
Draper, a staunch advocate for crypto and Bitcoin, reminded everyone of Bitcoin’s early days, suggesting that a significant transformation has taken place over the past few years, with skepticism fading and global adoption on the rise. “Once upon a time, crypto had more than its fair share of doubters. The same goes for AI, self-driving cars, and numerous technologies that are now becoming commonplace. Today it’s Waymo, tomorrow it’s woolly mammoths,” he added.
The billionaire, who reported earning $89 million from his five-year Bitcoin investments in 2021, has reinforced his confidence in the leading cryptocurrency with ambitious price predictions. After successfully forecasting that Bitcoin would reach the $10,000 mark in 2014, Draper made another bold prediction in November 2024, asserting that a standard supply and demand curve could propel Bitcoin to $250,000 by 2025.
