Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023
American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to deliver his keynote speech on “The Decentralization of Everything”, which he closed with a self-composed Bitcoin song.
The speech opened by touching on the general distrust of cryptocurrencies – primarily Bitcoin (BTC) – by centralized governments. “I think they’re absolutely panicking right now,” he said.
In particular, Draper framed his thoughts through the lens of the recent crisis at Silicon Valley Bank (SVB), which he called a “crisis of confidence.”
“They have shaken our confidence in the banking system … What a really strong leader would do is build that confidence back. Trust the banks that are now left and set them free.”
According to the investor, however, it will not be likely that a smooth transition out of these latest bank failures under the current leadership in the US. He signaled the recent statements against cryptocurrencies emanating from the White House.
His entire speech boiled down to his belief that an inevitable change is coming stemming from decentralized financial tools like Bitcoin, calling it a “drumbeat that keeps coming and coming.”
“Everything got richer as more liquidity was created for the world – every time there was a jump in currency. We’re going through an anthropological change, which is difficult for people. Many people resist it.”
He went on to say that weak leaders will be exposed by those who oppose it. While strong leaders embrace it and look for this change. He ended the speech with a 3-minute song, which he wrote and performed.
According to Draper, the song was written four years ago, but more relevant than ever today. It touched on Satoshi, Bitcoin, banks, governments and the desire for a new world order.
Related: Paris Blockchain Week 2023: First day of the summit begins
Before he began, he dedicated the song to SVB and “all the banks that have failed and will fail”.
“And I dedicated to all these governments that if they don’t trust their people and set them free, they will also fail and their currencies will also fail.
The song received a standing ovation from the audience, as well as the panelists who accompanied Draper on the championship stage.
He concluded his time by saying that blockchain, Bitcoin and smart contracts constitute one of the “biggest transitions in the history of the world” and should be embraced.
