Bitcoin May Transform Economic System, Draper Says

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July 7 (Bloomberg) -- Timothy Draper, co-founder and managing director of investment firm Draper Fisher Jurvetson, talks about his purchase of about 30,000 bitcoins at a U.S. government auction, the outlook for the virtual currency, risks in investing in disruptive technology and the track record and contributions of Tesla Motors Inc. Chief Executive Officer Elon Musk. Draper speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

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