According to bitcoin exchange Vaurum founder Avish Bhama, VC Tim Draper won all 30,000 BTC in the recent government auction.
Draper and Bhama intend to use the hoard to allow emerging markets to buy and use bitcoin in lieu of their own fiat currencies, thereby assisting in bitcoin liquidity. The idea came about when Bhama met with Draper and told him about his plans to create robust exchanges for the developing world.
He wrote in a statement:
Bhama wrote:
July 02, 2014 at 09:19AM
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