Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a 'Domino' Run on the Banks – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Tim Draper, a well-known venture capitalist and Bitcoin enthusiast, has recommended bitcoin and other cryptocurrencies as part of his cash diversification advice for business founders.

the situation and made customers’ deposits whole under a systemic risk exception approved by the Federal Reserve.One of the key points in Draper’s cash management plan, which was designed with the help of Wharton school individuals, is the diversification of banking risk. Draper states that businesses can no longer rely on just one institution to manage their cash, advising to keep at least six months of short-term cash in two banks — one local and one global bank.

Also, Draper advises keeping at least two payrolls worth of cash in bitcoin or other cryptocurrencies, maintaining excess money in assets saleable for emergencies. He supports taking these measures by stating: For the first time in many years, governments are taking over banks and governments themselves are at risk of becoming insolvent. Bitcoin is a hedge against a ‘domino’ run on the banks and on poor over-controlling governance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Surprise surprise ...$250k since 2017 🙄

Bitcoin has broken the macro downtrend. Ultimately,the Bitcoin bulls will regain control in the short-term upon Weekly Close above the $29K area Following btchill_ tweets and tips, I’ve been doing superb in this field as I’ve added to my holdings

Nothing can change the fact that Bitcoin is the best, so I still believe it will 100k usd before Christmas

Check out this item on OpenSea via opensea

Ok great, I also listen to ChiefraFba for signals and analysis!

Exactly ra8ty said...

Can't believe it's been a year since we met her

In simple terms: Buy Bitcoin!

Lots of weak hands being shaken out at the moment 👍

Follow ashleyscor1540 to get start on Bitcoin Investment to know how to purchase bitcoin to invest and earn double of what they invest back after 24hours time.

He isn't wrong though.

“… at least two payrolls worth of cash in bitcoin or other cryptocurrencies…”

OMG! This is a HORRIBLE ADVICE! The best hedge against bank runs are tradable goods, and a solid diversified portfolio.

The thing about investing is that the highs are bound to fall and the lows are bound to go up.

Yo, check our page for some upcoming giveaways and signals💰💰💰

Ok, I also listen to ChiefraFba for signals and analysis!

Totally agree, but I only use ChiefraFba for signals and analysis

Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines