Tim Draper Revealed His Altcoin Portfolio And The Strategies He Applied

The famous tech billionaire Tim Draper revealed his altcoin portfolio at a recent investment conference, showing all of the coins that he currently owns. As we could see from his presentation, he owns a myriad of altcoins in addition to his 30,000 BTC.

For those of you who haven’t read our Bitcoin and altcoin news, Draper is known for purchasing nearly 30,000 Bitcoins (BTC) that were seized from the Silk Road. However, aside from this, he is also known for owning at least half a dozen different crypto assets.

At the conference, Tim Draper revealed his portfolio and showed that his holdings include Bitcoin Cash (BCH), Ripple (XRP), Tezos (XTZ), and Aragon (ANT), stating the following:

“I’m a believer. I think it’s happening – [adoption] it’s coming. It’s so important for the world, and I want the world to know it, and I want other people in the world to get on board.”

The comments made by Tim Draper come only three weeks after his Twitter account was apparently hacked to promote BCH. The suspicious tweet published on his profile announced that the billionaire had purchased BCH, thanking a fake account impersonating Roger Ver for providing the “innovation.”

However, now that we know that Draper owns Bitcoin Cash (BCH), the scenario might be different. As Tim Draper revealed his altcoin portfolio, we now know which altcoins interest him. He has been an active cryptocurrency investor for seven years, making multi-million investments into several startups and burgeoning projects, including the US crypto exchange Coinbase.

However, in 2019 Draper announced that he had moved entirely out of the public stock in favour of cryptocurrency. He has long been known for his play in altcoins, even in 2017 when he confirmed that his fund participated in the Tezos ICO, after a class-action lawsuit was filed against this project.

Draper was also present in a Quora thread in October 2019, when he said that he thinks that DLT payments processor Ripple was doing all the right things, and is set for “explosive growth” leading to higher prices. He said:

“Looking at the three-time growth of Bitcoin over the last 5 months, one would expect a similar result from XRP.”

However, this was another prediction that hasn’t fulfilled many’s expectations, just like his recent one about Aragon (ANT) when he promoted the coin after getting 1 million ANT token because of his $1 million investment.