Tim Draper, a billionaire venture capitalist who has been a Bitcoin proponent for years, believes that Bitcoin (BTC), will surge up to $250,000
Draper predicted that the value of crypto assets would reach $250,000 in 2022.
The venture capitalist revised the date of the prediction to mid-2023 when it failed.
Draper told Benzinga that he believes BTC will reach a quarter-million dollar price.
My first prediction I made in 2014 was when Bitcoin reached $180. In 2014, I predicted that Bitcoin would reach $10,000 within three years. Bitcoin reached $10,000 by the end 2017. In the years since, my predictions haven’t been quite as accurate. Bitcoin was supposed to reach $250,000 in 2022, but I wasn’t so prescient. em> I believe I will be 3 years away from em>
Venture capitalists predict that BTC prices will reach $120,000 before the end of this year, and then double next year.
It is a trend that will last a while. Bitcoins are a better alternative to using governments and banks as trusted third parties. It’s transparent, global and open. Records are perfect. The world will be wealthier. Bitcoin is a good investment for retailers, government and everyone else.
BTC was trading at $92,100 when this article was written. In the last 24 hours, BTC has lost more than 2 percent of its market capital.
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Sources of Images include Pixabay Creative Commons & Midjourney
The report may change as new information is revealed.
