Tim Draper, the founder of Draper Associates, said in a Bitcoin Magazine podcast that companies such as Apple and Meta are being "irresponsible" if they hold no Bitcoin on their balance sheets.
In the conversation with host Spencer Nichols, Draper said government spending has not slowed, leaving what he described as two real outcomes: hyperinflation or interest rates high enough to break banks.
Draper’s case for Bitcoin on corporate balance sheets
Draper said every business should hold at least four weeks of operating expenses in Bitcoin. He added that individuals should keep about six months of expenses in BTC, while governments should maintain a Bitcoin hedge.
He said boards that hold zero Bitcoin are exposed both legally and financially if the bank holding their cash fails.
$250,000 target tied to the next halving
Draper also mapped his $250,000 Bitcoin price target to the next halving and the supply shock he expects after that event.
Topics listed for the episode
Bitcoin Magazine’s chapter list for the episode included:
- Why Apple and Facebook should hold Bitcoin on the balance sheet
- Decentralization and the speed of innovation
- Whether AI is a centralizing or decentralizing force
- AI versus big law, big banks, and bureaucracy
- Government spending, hyperinflation, and Bitcoin as a safe harbor
- The Confederate million dollar bill and three paths for the dollar
- Open borders, pandemic fear, and the marketplace of governments
- Governance as a Service and governments that compete for you
- Voting on phones, Estonia, and Bitcoin’s road to retail
- The $250K target, two more halvings, and an all-Bitcoin fund
The post first appeared on Bitcoin Magazine and was written by Patrick Green.
A disclaimer attached to the post said the views and opinions expressed in the show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or affiliated entities. It also said the material is for informational and educational purposes only and should not be treated as investment, legal, tax, or accounting advice, or as a solicitation, recommendation, endorsement, or offer to buy or sell securities or financial instruments.