Billionaire venture capitalist Tim Draper has sharply criticized Apple and Meta for not holding Bitcoin on their corporate balance sheets, calling their stance "irresponsible" for companies of their size. Draper argued that current fiscal trends could eventually lead to either hyperinflation or sharply higher interest rates, both of which would create serious problems for the traditional financial system. In his view, Bitcoin would act as a hedge against those risks.
The comments come amid stalled corporate Bitcoin adoption. While publicly traded firms such as Strategy have made BTC a treasury reserve asset, most mega-cap companies have resisted. Microsoft shareholders rejected a Bitcoin-related proposal at the December 2024 annual meeting, with only about 0.55% of votes cast supporting it. In May 2025, Meta shareholders considered a similar proposal asking the board to assess adding Bitcoin to the company’s treasury, but Meta’s board recommended voting against it. Salesforce and McDonald’s followed the same path.
Draper portrayed Bitcoin as infrastructure for an alternative financial economy, where blockchain systems and smart contracts reduce the need for accountants, bookkeepers, payment intermediaries, and other middlemen. He said the transition would involve considerable cyclicality before people used Bitcoin rather than dollars. He also argued that AI could accelerate Bitcoin adoption by making it easier to build software and services around the network.
Draper added that quantum computers would compromise banks before they compromised Bitcoin, calling his BTC holdings more secure than dollars held in banks. Still, Bitcoin remains far from his long-standing $250,000 price target.
