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Tim Draper Urges Apple and Meta to Allocate Corporate Reserves to Bitcoin

Venture capitalist Tim Draper has criticized Apple and Meta Platforms, calling it irresponsible to exclude Bitcoin from their corporate balance sheets. Draper recommended that businesses hold at least four weeks of operating cash in Bitcoin as a strategic hedge against fiat currency debasement, persistent government deficit spending, and banking solvency risks. The push comes as Apple holds $146.5 billion and Meta holds $90.3 billion in cash and marketable securities with zero digital asset exposure. Draper also reiterated his long-standing $250,000 price target for Bitcoin, driven by halving supply shocks.

Category

Bitcoin

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min