Bitcoin Boss Tim Draper Gets Passive Nod in New HBO Documentary, Theranos, With a ₿ Tie
Tim Draper has continually advocated for Bitcoin in the crypto industry for some time and has even launched the Tezos investment project.
Being such a major force in the crypto led him to be involved with the recent HBO documentary regarding Theranos, a failed startup of Silicon Valley. Naturally, he brought his signature Bitcoin “logo” tie to the screen.
In any other circumstance, wearing a tie with this graphic would not grab much attention. Draper has worn the time multiple times, whether he has been out in public or in the middle of an interview with mainstream media. However, the decision to wear this tie garnered a ton of attention from both social and mainstream media, discussing his choice of accessories.
Many names, including CSO Meltem Demirors of CoinShares, questioned why Draper would choose this opportunity in the Theranos documentary to highlight Bitcoin. She commented that she felt “so conflicted” over whether his style choice was “good” or “bad.”
1/ literally don’t know who else i can talk to about this, so here i am #cryptotwitter
— Meltem Demirors (@Melt_Dem) March 20, 2019
Plenty of reactions were far from positive on this choice. The support of Bitcoin that Draper expressed from non-crypto commenters was received as shady, at best. It appeared that these Twitter users immediately connected Bitcoin to the hidden actions of Theranos, which was well publicized for losing billions of dollars in value.
Tim Draper was an early investor for the company, which did not get much positivity from the media, who believe that Draper is hardly trustworthy. The fact that he supported the company’s CEO, Elizabeth Holmes, in 2018, just furthered the suggestion. Draper called her “an icon” who he feels was “bullied into submission.”
With these open plugs of Bitcoin, some consumers may remember other times that Draper has caused some controversy in the industry. Tezos, which Draper has supported and invested in, has had a lot of PT problems with all of the delays.
Many investors are still waiting to find some way to show for their investment in the digital tokens, which has yet to transpire. Still, this lack of progress has not stifled Draper’s defense of the founders amid mismanagement allegations.
Regardless of the outcome of this documentary, Bitcoin is still getting a lot of attention this year already with massive price predictions. In Draper’s opinion, the price should reach $250,000 by 2023, though it is only at $4,069.09 at the time of writing. In a more short-term prediction, Draper believes that the scaling solutions of Bitcoin will allow “everyone” to purchase coffee with it.
It is worth noting that someone with greater hopes of grandeur is John McAfee, who has wagered that Bitcoin will reach $1 million by the end of 2020. However, if he is wrong, he faces a much greater loss than any investment would create.