Draper Slams Apple, Meta Over Bitcoin Exclusion from Corporate Reserves

Billionaire venture capitalist Tim Draper has criticized Apple and Meta for not including Bitcoin in their corporate reserves. He believes companies should consider using cryptocurrency as protection against currency weakness and monetary instability, which could lead to hyperinflation or forced interest rate hikes.

Draper's comments reflect his broader concerns about government spending and rising national debt. He warns that continued fiscal pressure could eventually contribute to reduced purchasing power, increased borrowing costs, and broader financial challenges for businesses and households.

Draper views Bitcoin as a form of financial protection against monetary instability, contrasting with the treasury policies of many large technology companies that favor cash, government securities, and other traditional assets. However, corporate adoption of Bitcoin remains uneven, and several major companies have rejected proposals to include it in their treasuries.