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Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the Meet The Drapers television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.

“Let me get my second prediction to actually happen, and then we’ll move on to other predictions,” Tim Draper tells Hall of Flame, refusing to be drawn on price predictions for XRP and Ethereum.

This makes sense, given it’s been six years since he forecast that Bitcoin would reach $250,000 by 2022.

Spoiler alert: It didn’t.

Which is not to say it won’t happen eventually, as Draper has been pretty far-sighted in the past.

Back in 2014, Draper scooped up around 30,000 Bitcoin for $19 million after the U.S. Marshals took down Silk Road. Fast forward to today, and those Bitcoin have increased 4,165% in value to be worth a whopping $810.5 million.

Around the same time, he made a prediction that Bitcoin would reach $10,000 in three years, and lo and behold, it hit that mark in 2017.

Draper explains that he only dropped the $250,000 prediction because people kept asking after he totally nailed his first Bitcoin price guess.

“The only reason I’ve given the second prediction was that the first one was so good. I had a lot of pressure to put another one out there,” Draper declares.



He has politely requested a deadline extension on Bitcoin reaching a quarter of a million, with a timeline that would give a university lecturer a heart attack.

“Give me until the end of June next year,” he says.

Draper accuses the U.S. government of messing up his price prediction. He had expected the growth of blockchain to be reminiscent of the internet era, similar to when he made his earlier investments in companies like Hotmail and Skype.

He emphasizes the significant benefit that the United States reaped by maintaining a hands-off approach to overregulating the internet.

“I expected a much more light touch, the way Bill Clinton was with the internet; they said, hey, we got the internet! We regulated the internet, and Bill Clinton smartly left it alone, and it was fantastic for the whole world.”

Investing Alpha

Despite the media coverage, Draper doesn’t spend his days making predictions; in fact, his schedule is quite packed.

At 65 years old, he remains highly active, renowned as a serial investor who chucked cash early in companies like Tesla, SpaceX, Coinbase, and, well … Theranos.

He enjoys playing basketball because it energizes him and puts him in an investment mindset.

“When I play basketball, I’m thinking about how I can get the defender to move one way, and then I’ll move another,” he explains.

Draper claims he possesses alpha instincts both on the basketball court and in the investment world.

“I’m very aggressive; if I see something I like, I go right after it,” he says.

“I guess as an investor, I invest like a chess move because I’m always evaluating not just the entrepreneur or the idea. But what happens if it’s successful? how great could it be? What does the world look like then?”

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What led to Twitter Fame?

Draper started with a very modest Twitter following.

“I think I had one Twitter follower, and it was my mother,” he jokes.

While you might assume that one of Draper’s investments or media appearances helped his following to skyrocket, he describes his growth as very natural, attributing it to the content he has been consistently posting over the years, which has kept people coming back for more.

He is proud of how “truly organic” his following is.

“I think I have the most steady increase of Twitter followers of any influencer,” he declares.

What type of content can people expect?

Draper isn’t here to clutter up his followers’ feeds with nonsense.

He’s all about adding a little sprinkle of value to their lives, and he sticks to only posting about three times a week.

“I tend to post where it’s something I feel like people should see or where one of my startups has done something extraordinary, and I want to promote them,” he explains.

What content does Tim Draper like?

Within the 2,400 accounts he follows on Twitter, he relies on a select group of trusted people to keep him informed about the crypto industry.

Among his trusted crew are Gemini founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Ripple co-founder Chris Larsen and Silicon Valley investors Brad and Bart Stephens.

Tim Draper predictions

Draper is backing his 250,000 Bitcoin prediction so hard that if it doesn’t hit, he’ll bow out of predictions altogether.

“If it’s not $250,000 or higher, then don’t listen to me ever again on that kind of prediction,” he laughs.

When questioned about the chances of a Bitcoin ETF getting approved, he doesn’t sound hopeful.

“It might have to wait for [Republican candidate] Nikki Haley to be president,” he declares.

“Maybe it’s the cushy relationship they have with banks, maybe it’s the fact that they have uncertainty about it. Maybe a lot of our government is pretty old, maybe they’re just out of touch. But they’re missing something very, very important for the good of society, and I’m hoping they all come around.”

Ciaran Lyons

Ciaran Lyons is an Australian crypto journalist. He’s also a standup comedian and has been a radio and TV presenter on Triple J, SBS and The Project.

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UK won’t give more visas to Indian workers, says PM

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UK won't give more visas to Indian workers, says PM

Sir Keir Starmer has said the government will not relax visa rules for India, as he embarks upon a two-day trade trip to Mumbai.

The prime minister touched down this morning with dozens of Britain’s most prominent business people, including bosses from BA, Barclays, Standard Chartered, BT and Rolls-Royce.

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The first full-blown trade mission to India since Theresa May was prime minister, it’s designed to boost ties between the two countries.

Sir Keir – whose face has been plastered over posters and billboards across Mumbai – will meet Indian Prime Minister Narendra Modi on Thursday, five months after the UK signed the first trade deal with India since Brexit.

The agreement has yet to be implemented, with controversial plans to waive national insurance for workers employed by big Indian businesses sent to the UK still the subject of a forthcoming consultation.

Sir Keir Starmer with his business delegation. Pic: PA
Image:
Sir Keir Starmer with his business delegation. Pic: PA

However, the business delegation is likely to use the trip to lobby the prime minister not to put more taxes on them in the November budget.

Sir Keir has already turned down the wish of some CEOs on the trip to increase the number of visas.

Speaking to journalists on the plane on the way out, he said: “The visa situation hasn’t changed with the free trade agreement, and therefore we didn’t open up more visas.”

He told business that it wasn’t right to focus on visas, telling them: “The issue is not about visas.

“It’s about business-to-business engagement and investment and jobs and prosperity coming into the UK.”

Narendra Modi and Keir Starmer during a press conference in July. Pic: PA
Image:
Narendra Modi and Keir Starmer during a press conference in July. Pic: PA

No birthday wishes for Putin

The prime minister sidestepped questions about Mr Modi’s support of Russian leader Vladimir Putin, whom he wished a happy birthday on social media. US President Donald Trump has increased tariffs against India, alleging that Indian purchases of Russian oil are supporting the war in Ukraine.

Asked about Mr Modi wishing Mr Putin happy birthday, and whether he had leverage to talk to Mr Modi about his relationship with Russia, Sir Keir sidestepped the question.

“Just for the record, I haven’t… sent birthday congratulations to Putin, nor am I going to do so,” he said.

“I don’t suppose that comes as a surprise. In relation to energy, and clamping down on Russian energy, our focus as the UK, and we’ve been leading on this, is on the shadow fleet, because we think that’s the most effective way.

“We’ve been one of the lead countries in relation to the shadow fleet, working with other countries.”

PM: We aren’t forcing wealthy people out

Sir Keir refused to give business leaders any comfort about the budget and tax hikes, despite saying in his conference speech that he recognised the last budget had an impact.

“What I acknowledged in my conference, and I’ve acknowledged a number of times now, is we asked a lot of business in the last budget. It’s important that I acknowledge that, and I also said that that had helped us with growth and stabilising the economy,” he added. “I’m not going to make any comment about the forthcoming budget, as you would expect; no prime minister or chancellor ever does.”

Asked if too many wealthy people were leaving London, he said: “No. We keep a careful eye on the figures, as you would expect.

“The measures that we took at the last budget are bringing a considerable amount of revenue into the government which is being used to fix things like the NHS. We keep a careful eye on the figures.”

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Spying trial collapsed after government refused to brand China a threat, says top prosecutor

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Spying trial collapsed after government refused to brand China a threat, says top prosecutor

A Chinese spying trial collapsed last month after the UK government would not label Beijing a national security threat, a top prosecutor has said.

Christopher Berry, 33, and former parliamentary researcher Christopher Cash, 30, were accused of espionage for China.

But the Crown Prosecution Service (CPS) announced on 15 September that the charges would be dropped, sparking criticism from Downing Street and MPs.

Berry, of Witney, Oxfordshire, and Cash, from Whitechapel, east London, had denied accusations of providing information prejudicial to the interests of the state in breach of the Official Secrets Act between December 2021 and February 2023.

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Director of public prosecutions Stephen Parkinson. Pic: PA
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Director of public prosecutions Stephen Parkinson. Pic: PA

Stephen Parkinson, the director of public prosecutions (DPP), told MPs in a letter on Tuesday that the CPS had tried “over many months” to get the evidence it needed to carry out the prosecution, but it had not been forthcoming from the Labour government.

However, Sir Keir Starmer insisted the decision to brand China a threat would have to have been taken under the last Conservative administration.

More on China

The prime minister said: “You can’t prosecute someone two years later in relation to a designation that wasn’t in place at the time.”

It is understood that the decision to end the case came after a meeting of senior officials which, according to The Sunday Times, included Jonathan Powell, the national security adviser, and Sir Oliver Robins, the Foreign Office’s top diplomat.

To prove the case under the Official Secrets Act of 1911, prosecutors would have to show the defendants were acting for an “enemy”.

Both the current Labour government and the previous Conservative governments have not labelled China a risk to national security.

In his letter to the chairs of the Commons home and justice select committees, Mr Parkinson said: “It was considered that further evidence should be obtained.

“Efforts to obtain that evidence were made over many months, but notwithstanding the fact that further witness statements were provided, none of these stated that at the time of the offence China represented a threat to national security, and by late August 2025 it was realised that this evidence would not be forthcoming.

“When this became apparent, the case could not proceed.”

He also pointed out that in a separate case about Russian spying last year, a judge ruled that an “enemy” under the 1911 Act must be a country that represents a threat to national security of the UK “at the time of the offence”.

The prime minister answered reporters' questions about the collapse of the case while on a flight to Mumbai. Pic: PA
Image:
The prime minister answered reporters’ questions about the collapse of the case while on a flight to Mumbai. Pic: PA

How has the government responded?

Sir Keir has addressed the contents of the letter, which he said he had “read at speed”, while on board a flight to Mumbai, as part of the UK’s largest ever trade mission to India.

The PM said: “What matters is what the designation [of China] was in 2023, because that’s when the offence was committed and that’s when the relevant period was.

“Statements were drawn up at the time according to the then government policy, and they haven’t been changed in relation to it, that was the position then.

“I might just add, nor could the position change, because it was the designation at the time that matters.”

Sir Keir, a former director of public prosecutions, added that he wasn’t “saying that defensively”, but because “as a prosecutor, I know that… it is what the situation at the time that matters”.

He also declined to criticise the CPS or the DPP, as he said “it’s wise not to”.

Since the alleged spying offences took place, the new National Security Act has superseded elements of the 1911 Act.

But Conservatives, including shadow home secretary Chris Philp, insist that Sir Keir has “very serious questions to personally answer”.

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Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’

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Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’

Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’

The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets.

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