Bitcoin

Tim Draper sticks to his forecast of $ 250,000 for the price of BTC

In the virtual blockchain emana the famous capitalist Tim Draper confirmed that he is sticking to his six-digit price forecast for Bitcoin (BTC).

In 2018, Tim Draper made a bold public prediction that the price of Bitcoin would reach $ 250,000. Late 2022 or early 2023. He continues to do so to this day:

“That is my prediction. It will be maintained. I am very sure that it will happen. It happens. It is kind of funny.”

Give some important reasons that could drive this type of price action. Draper believes the US government’s massive stimulus package is deteriorating in value of the dollar and “will send people to cryptocurrencies.” He also hopes that Bitcoin will be massively commercialized worldwide. within this period.

“Suddenly retailers say,” Oh, you mean, I don’t have to pay banks 2.5 to 4 percent every time someone steals a credit card? “

Tim Draper sticks to his forecast of $ 250,000 for the price of BTC
Tim Draper sticks to his forecast of $ 250,000 for the price of BTC

According to Draper, a company called OpenNode (in which he invested $ 1.25 million) can help make this happen. OpenNode is building a Bitcoin payment gateway on the Lightning network, which is known for its super-fast BTC transaction processing.

Over time, Draper believes that such services will prove their competitive advantage over traditional players, credit cards.and they will steal a market share from them, just as MasterCard and Visa took away market share from the then dominant American Express.

Draper also jokingly promised to eat a “raw egg” if his prediction was not enough., a nod to a wild promise by John McAfee.

Since the halving is so close Most people’s attention is focused on Bitcoin price movements.

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