Venture Legend Draper Puts Musk Near Satoshi as SpaceX Bitcoin Buzz Grows

Billionaire investor Tim Draper has placed Tesla and SpaceX CEO Elon Musk in rarefied company, ranking him just one notch below Bitcoin’s pseudonymous creator Satoshi Nakamoto in terms of transformative impact. The comments come as crypto commentator Scott Melker publicly urges SpaceX to add Bitcoin to its treasury following the aerospace giant’s record-breaking $75 billion initial public offering.

Draper, an early Bitcoin adopter and venture capital heavyweight known for his prescient tech bets, made the comparison during recent industry discussions. While he stopped short of equating Musk’s contributions to Nakamoto’s invention of decentralized money, the ranking underscores how certain Silicon Valley figures view the entrepreneur’s influence across multiple disruptive industries—from electric vehicles to space exploration and digital payments.

SpaceX IPO Sparks Bitcoin Treasury Talk

The renewed speculation about corporate Bitcoin adoption centers on SpaceX’s massive public market debut, which valued the company at an eye-watering $75 billion. Melker, host of The Wolf Of All Streets podcast, has been vocal on social media platforms advocating for the rocket manufacturer to mirror MicroStrategy’s playbook by converting a portion of its cash reserves into Bitcoin. Such a move would represent one of the largest corporate BTC acquisitions to date and could trigger fresh momentum in institutional adoption.

Musk’s relationship with cryptocurrency remains complicated. While Tesla briefly accepted Bitcoin payments in 2021 before reversing course over environmental concerns, the company still holds significant BTC on its balance sheet. Musk himself has been more enthusiastic about Dogecoin, frequently tweeting about the meme coin and integrating it into certain payment systems at his companies. Whether SpaceX follows a different path remains pure speculation at this stage.

The broader question looming over crypto markets is whether a new wave of corporate treasurers will embrace Bitcoin as a reserve asset amid ongoing macroeconomic uncertainty. Draper’s high praise for Musk and the IPO timing could set the stage for renewed conversations—but for now, any SpaceX Bitcoin strategy remains firmly in the rumor mill.

Based on reporting by the original source.