Particularly at the end of 2016, investors and traders in countries like China and the United States sought out for Bitcoin as a safe assets or a “hedge against the system” as leading Bitcoin exchange BTCC CEO Bobby Lee said previously.Some investors purchased Bitcoin to avoid temporary economic uncertainty and the devaluation of reserve currencies, while others included Bitcoin in their long-term investment portfolios, predicting a massive increase in value over time.Draper is an active participant of Bitcoin auctions and has won several of them in the past. Bitcoin auctions are an effective way to purchase large amounts of Bitcoin that are relatively difficult to secure through regulated Bitcoin exchanges.