Bitcoin bull Tim Draper has raised $200 million for Draper Associates’ eighth venture fund, targeting early-stage blockchain and crypto startups. This follows his $124 million Fund 7 in 2022, bringing the firm’s assets under management to around $2 billion. Draper, known for purchasing 30,000 BTC from a U.S. Marshals auction in 2014, remains bullish on crypto innovation. The new fund launch aligns with renewed institutional interest as the global crypto market surpasses $4 trillion. Draper’s track record includes early bets on Coinbase, Tesla, and SpaceX, reinforcing his continued belief in crypto’s transformative potential across industries and emerging financial ecosystems.