Tim Draper Reflects on Bitcoin's Resilience After Mount Gox Collapse

PANews posted on X (formerly Twitter). Silicon Valley venture capitalist Tim Draper shared his insights at the Bitcoin 2026 conference, recounting his experience during the Mount Gox collapse. Draper initially thought Bitcoin was doomed when the news of the collapse broke, but was surprised to see Bitcoin's price drop only 15%. This event shifted his perception, leading him to participate in the U.S. Marshals Service auction of Bitcoin, solidifying his belief in the cryptocurrency.