Tim Draper recommends founders hold ’at least’ two payrolls ‘worth of cash’ in crypto By Cointelegraph
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American venture capital investor and entrepreneur Tim Draper suggested founders keep at least two payrolls worth of cash in (BTC) or alternative cryptocurrencies, along with other diversification recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB).
In a March 25 report directed at business founders, Tim Draper stated that Bitcoin is a hedge against a “domino run” on the banks and overbearing government intervention, adding that businesses “can no longer rely” on a single bank or governing body to manage their cash.
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American venture capital investor and entrepreneur Tim Draper suggested founders keep at least two payrolls worth of cash in (BTC) or alternative cryptocurrencies, along with other diversification recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB).
In a March 25 report directed at business founders, Tim Draper stated that Bitcoin is a hedge against a “domino run” on the banks and overbearing government intervention, adding that businesses “can no longer rely” on a single bank or governing body to manage their cash.
Continue Reading on Coin Telegraph
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