Tim Draper Says You Should Be Scared Without 6 Months Bitcoin Savings
Bitcoin Tim Draper Says ‘You Should Be Scared’ Without 6 Months Bitcoin SavingsTim Draper warned 2026 attendees that companies without 5-15% treasury allocation risk collapse if banks fail.Draper cited the Silicon Valley Bank (SVB) failure in 2023 as proof that belongs on corporate balance sheets for payroll protection.Draper called holding 6 months of reserves essential for families as fiat currency faces a potential Argentine-style collapse. Tim Draper Warns 5–15% Treasury Is Vital as Bank Failures Threaten Companies The Silicon Valley venture capitalist and founder of Draper Associates, Tim Draper, delivered a keynote address on April 27 at the 2026 conference in Las Vegas, tracing his personal journey from early digital currency skepticism to holding through the collapse of and beyond. Draper told the audience he first became interested in digital currency around 2002, after a friend from Korea described paying someone to play his avatar in the online game Lineage while he was at work. A sword purchased as a birthday gift for the friends son turned out to be pixels on a screen. At that moment, Draper told the audience, he connected the dots between fiat money, virtual goods, and eventual virtual currency. When the network launched, Draper said Satoshi Nakamoto solved what he