American venture capital investor, Tim Draper, has advised company founders to plan and hold at least two payrolls worth of cash in bitcoin (BTC) or other cryptocurrencies.
Preparing for the unforeseen
Tim Draper has warned business founders to prepare for “more and more” bank failures if the government keeps printing money and raising interest rates.
Further, he asked business founders to have at least two payrolls worth of cash in Bitcoin or alternative cryptos in their reserves in response to the collapse of Silicon Valley Bank (SVB).
Source: https://crypto.news/tim-draper-founders-should-keep-66-of-payrolls-worth-of-cash-in-bitcoin-and-crypto/