Tim Draper at the Web Summit in Lisbon, Portugal on November 6, wearing a Bitcoin tie. Pedro Fiúza/NurPhoto via Getty Images. Bitcoin. On June 27, , Draper paid about USD $19 million for nearly 30, bitcoins which had been seized by the US Marshals. Long-term Bitcoin (BTC) bull and venture capitalist Tim Draper is Banks don't like bitcoin because it makes them less relevant, so you are seeing And that power ties directly to one of the greatest conundrums of our time.