Billionaire VC Tim Draper Reveals Two Altcoins He Thinks Have Potential

Billionaire venture capitalist, Tim Draper reveals two crypto assets that he is following. Tezos (XTZ) and Aragon (ANT) both have strong fundamentals according to the investor.

Tezos (XTZ)

In an interview with Bloomberg Markets, Draper talked about open-source programmable blockchain Tezos (XTZ), and said that it has the elements that he likes to see in a crypto project. 

“What I look for is who are the entrepreneurs and who are the engineers behind a given token. I love some of the tokens. I love Tezos because it’s got a great engineering team, and they’ve redefined how to operate a token. They do it as proof of stake. They use less energy, and they have a new form of governance and that’s exciting.”

The Draper Associates founder is also keeping an eye on the native token ANT of Ethereum-based Aragon, which is an open-source software that empowers users to build and manage their own decentralized autonomous organizations (DAOs). 

Aragon has developed a community-governed decentralized court system that can resolve subjective disputes requiring the judgment of human jurors, which Draper says will “revolutionize the way juries work.”

Regarding Bitcoin, the venture capitalist believes the largest digital asset to be a great hedge against inflation, and that the computer science behind it makes it more trustworthy and reliable than government entities or banks.

“For investors, I think holding on to Bitcoin is probably a good place to be because there are only 21 million Bitcoin out there, and they represent the freedom that allows us to use them anywhere and the trust in that you are trusting in the software rather than trying to trust some bank or some government entity.”