Tim Draper warns firms risk falling behind without Bitcoin reserves

Venture capitalist Tim Draper warned on October 28 that businesses and individuals sticking only to traditional currencies could lose out once merchants start moving to Bitcoin-only payments.

He argued that widespread seller adoption would erode demand for the dollar and other government-issued money, trigger bank outflows and permanently reshape finance. Draper repeated his long-held view that “not owning bitcoin is irresponsible.”

Speaking at Bitcoin 2026 in Las Vegas, he urged companies to allocate 5–15 % of reserves to the asset. In September he advised families to hold six months of expenses in Bitcoin and firms to keep four weeks of payroll in the currency.

After the 2023 Silicon Valley Bank collapse, Draper recommended startups keep at least two payroll cycles in crypto plus six months of cash across two separate banks. He has now pushed his long-standing $250,000 Bitcoin price target to October 2027.

Based on information from cryptonews.net