Draper Urges Apple, Meta to Hold Bitcoin as Protection Against Financial Risks

Billionaire investor Tim Draper thinks Apple and Meta should hold Bitcoin on their balance sheets to protect against financial risks.

Draper, a well-known Bitcoin bull, argued that continued government spending exposes corporate cash to inflation and higher interest rates.

He pointed out that companies should keep at least four weeks' worth of Bitcoin in their treasuries as protection against these risks. Draper singled out Apple and Meta as examples of companies that could benefit from holding the cryptocurrency.