How did Draper's pitch for Bitcoin get rejected by Sri?

5 answers

• David DidenkoAug 12, 2025 · 5 days ago
  Tim Draper's pitch for Bitcoin was rejected by Sri due to concerns about the volatility and lack of regulation in the cryptocurrency market. Sri believed that Bitcoin could be used for illicit activities and that its value was not stable enough for widespread adoption. This rejection had a negative impact on the cryptocurrency market, as it created uncertainty and decreased investor confidence.
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• chen xiangchuOct 22, 2020 · 5 years ago
  Sri rejected Tim Draper's pitch for Bitcoin because they saw it as a risky investment. They were worried about the potential for fraud and the lack of oversight in the cryptocurrency industry. This rejection highlighted the need for stronger regulations and increased scrutiny of digital assets.
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• Afroj shaikhAug 15, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, was not involved in the rejection of Tim Draper's pitch for Bitcoin by Sri. However, this rejection did have an impact on the overall market sentiment towards cryptocurrencies. It highlighted the challenges and risks associated with investing in digital assets, leading to increased caution among investors.
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• Reece AlbrektsenFeb 12, 2021 · 5 years ago
  The rejection of Tim Draper's pitch for Bitcoin by Sri was a missed opportunity for the cryptocurrency market. Sri's concerns about volatility and regulation are valid, but they also highlight the need for education and awareness about the potential benefits of cryptocurrencies. Despite this setback, the market has continued to evolve and grow, with new regulations and innovations addressing some of the concerns raised by Sri.
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• gp4itMay 06, 2024 · a year ago
  It's unfortunate that Sri rejected Tim Draper's pitch for Bitcoin. While their concerns about volatility and regulation are understandable, it's important to recognize the potential of cryptocurrencies to revolutionize the financial industry. The rejection by Sri may have slowed down the adoption of Bitcoin, but it hasn't stopped its progress. The market continues to mature, and more institutions and individuals are recognizing the value of digital assets.
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