Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks9.67

Billionaire investor and all-round cryptocurrency advocate Tim Draper has recently announced that he has invested in a Bitcoin payment processing platform. OpenNode aims to make it easier for regular companies to accept payments using Bitcoin.

Draper backed the company through his own firm, Draper Associates, to the tune of $1.25 million. The long-time Bitcoin bull believes that the price of a single Bitcoin will be worth $250,000 in the next three to five years and initiatives aimed at adoption, such as OpenNode, will help to speed this “hyper-Bitcoinisation” up.

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