Billionaire Tim Draper Urges Apple, Meta to Put Bitcoin on Balance Sheets

Billionaire venture capitalist Tim Draper has taken aim at Apple, Meta and other tech giants for keeping Bitcoin off their balance sheets.

Alex Dovbnya · 21 Sep 2026 · 4 min read

Wire content from U.Today

Billionaire Tim Draper Urges Apple, Meta to Put Bitcoin on Balance Sheets

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By
Alex Dovbnya

Mon, 21/09/2026 – 17:45

Billionaire venture capitalist Tim Draper has taken aim at Apple, Meta and other tech giants for keeping Bitcoin off their balance sheets.

Billionaire Tim Draper Urges Apple, Meta to Put Bitcoin on Balance Sheets

Cover image via www.flickr.com

Corporate Bitcoin adoption stalls
A staunch permabull

Billionaire venture capitalist Tim Draper has criticized major technology companies such as Apple and Meta for keeping Bitcoin off their balance sheets.

Draper said it was “irresponsible” for companies of their size not to hold BTC as part of their corporate reserves.

The longtime Bitcoin advocate has warned that current fiscal trends could eventually produce either hyperinflation or sharply higher interest rates. Both scenarios could create serious problems for the traditional financial system, according to the evangelist. Bitcoin would serve as a hedge.

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Corporate Bitcoin adoption stalls

Corporate Bitcoin holdings became a major industry theme after several publicly traded companies (most famously, Strategy) began adding the cryptocurrency to their treasuries.

However, major corporations failed to jump on the bandwagon. For instance, Microsoft shareholders decisively rejected a Bitcoin-related proposal at the company’s annual meeting in December 2024. Only about 0.55% of votes cast supported the proposal (28.23 million shares voted for it).

A staunch permabull

Draper portrayed Bitcoin as infrastructure for an alternative financial economy in which 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 ultimately used Bitcoin rather than dollars.

The billionaire has argued that AI could accelerate Bitcoin adoption by making it easier to build software and services around the network.

As reported by U.Today, the billionaire has also argued earlier this year that quantum computers would compromise banks before they compromised Bitcoin, calling his BTC holdings more secure than dollars held in banks. He has also argued that, in an extreme blockchain security incident, Bitcoin’s distributed participants could coordinate around a secure state or software change.

However, the leading cryptocurrency is still far from hitting his oft-repeated $250,000 price target.

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