Tim Draper Calls Apple and Meta Irresponsible for Ignoring Bitcoin

Summary Draper criticized Apple and Meta for excluding Bitcoin from reserves, arguing fiscal instability strengthens its value as corporate financial protection. Microsoft, Meta, Salesforce, and McDonald’s shareholders rejected Bitcoin treasury proposals, reflecting persistent corporate concerns about volatility, custody, regulation, and risks. Draper believes blockchain and artificial intelligence could reshape finance, although Bitcoin remains below his $250,000 target amid uneven corporate adoption. Billionaire venture capitalist Tim Draper has criticized Apple and Meta for keeping Bitcoin (BTC) outside their corporate reserves. According to Draper, excluding Bitcoin is irresponsible because companies could use it to protect reserves from currency weakness and instability. Government spending and rising national debt remain central to his concerns about the long-term strength of fiat currencies. He warned that existing fiscal policies could eventually produce hyperinflation or force central banks to introduce significantly higher interest rates. Both outcomes could reduce purchasing power, raise borrowing costs, and create wider financial difficulties for companies and households. Consequently, Draper views Bitcoin as financial protection against monetary instability rather than merely a volatile investment for corporate treasuries. His criticism highlights the limited Bitcoin adoption among global technology companies despite growing corporate interest in digital assets. Strategy remains the leading corporate Bitcoin holder after making the cryptocurrency a core element of its treasury management approach. However, many established companies still prefer cash, government securities, and other traditional instruments offering greater short-term price stability. These conservative policies reflect concerns about Bitcoin’s volatility, custody requirements, regulatory uncertainty, and possible accounting complications. Also Read: XRP Ledger Permission Delegation Upgrade Targets October 5 Activation Shareholders Reject Bitcoin Treasury Proposals at Major Companies Microsoft shareholders rejected a Bitcoin investment proposal during the company’s annual meeting in December 2024. Approximately 0.55% of votes supported the measure, representing nearly 28.23 million shares cast in favor of the proposal. The proposal urged Microsoft to assess whether Bitcoin could provide meaningful protection against inflation and currency depreciation. Nevertheless, the company’s board opposed the measure and maintained its existing approach to corporate treasury management. Meta shareholders considered a comparable proposal in May 2025, requesting an assessment of Bitcoin as a possible treasury asset. Meta’s board recommended rejecting the proposal, while shareholders ultimately supported the company’s cautious position toward direct cryptocurrency exposure. Salesforce and McDonald’s investors also rejected similar initiatives, demonstrating broader resistance among major corporations considering Bitcoin reserves. Draper Envisions Bitcoin-Powered Financial Infrastructure Draper has consistently presented Bitcoin as essential infrastructure for an alternative economy powered by blockchain networks and smart contracts. Within that system, automated technology could reduce dependence on accountants, bookkeepers, payment processors, and other financial intermediaries. Moreover, he believes artificial intelligence could accelerate Bitcoin adoption by simplifying the development of cryptocurrency applications and payment services.