Convinced of the inevitable dominance of Bitcoin, Draper spoke in an interview about his investments in various crypto projects. In addition to successfully participating in the OpenNode crypto payment platform, there are many more projects in the portfolio of an experienced investor that focus on decentralized technologies. Before investing in something, Tim Draper advises that first of all pay attention to the team involved in the project. That is, at least make sure that the people depicted on the site are real, and even better - that they really know their business. It is also important to place emphasis on the technology that employees work with.
First, the technology must be unique. The team and the company must be transparent, and their activities must carry the potential to have a fundamental impact on the world.
From my own experience, Draper does not recommend getting involved with investing in tokens. He cites Facebook's Libra project as an example . According to the businessman, if this is just another centralized token owned and operated by one separate corporation, then his fund never invests in such projects.
However, if it is a token that is great for working with smart contracts or simplifies interaction with Bitcoin, then you have every chance to make good money on such an investment.
The investor admitted that he still stores his bitcoins, and some enterprises under his control even accept payments in BTC .
We remind you that these materials are not recommendations for action. Each person is responsible for their own investments, so before investing, it is advisable to spend time doing your own research. It is they who will eventually give the profit or take away the investment.
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