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$2.5 Million Down the Drain: Billionaire Bails Out Another Bitcoin Fad, Proving He Has No Shame (Or a Pulse)

A billionaire investor is shown throwing money out of a window into an abyss labeled 'Bitcoin Fad', with $2.5 million written on each bill as it falls away to nothingness.

Not another cryptocurrency ‘innovation’ to line Tim Draper’s pockets. Because what we really need is more ways for people to waste their money on imaginary numbers and pretend they’re making smart investments.

Source: bitcoin.com

Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs announced on Thursday the successful closure of a $2.5 million pre-seed funding round led by venture capitalist Tim Draper and Draper Associates, with additional contributions from […]

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