Tim Draper Continues to Stand by His $250,000 Bitcoin Price Prediction

Tech mogul Tim Draper has recently addressed his oft-repeated prediction astir Bitcoin reaching $250,000 by 2023.

While the cryptocurrency hasn't made it that precocious yet, helium is inactive optimistic that this prediction volition travel existent earlier the upcoming halvening.

The billionaire task capitalist and crypto enthusiast revealed that helium wore a T-shirt with the slogan "250K by 2022" illustrating his religion successful the integer currency.

Halvening is an lawsuit that rewards those who excavation Bitcoin with less coins than before, adding to the cryptocurerncy's scarcity. Such an lawsuit typically encourages much radical to articulation the marketplace owed to anticipated terms appreciation. 

Draper is simply a long-time protagonist of Bitcoin. He has been an advocator of decentralized integer currencies for galore years and was 1 of the earliest investors successful Bitcoin. In 2014, helium bought up astir 30,000 bitcoins successful an auction held by the U.S. Marshals Service, which were seized from Silk Road—the underground achromatic marketplace website founded by Ross Ulbricht.

Draper believes that Bitcoin tin assistance individuals summation their fiscal sovereignty, bringing ‘unbanked’ radical into the satellite economy.

As reported by U.Today, the task capitalist has repeatedly stated that women would beryllium capable to propulsion Bitcoin supra the 2023 mark.  

The task capitalist is known for making palmy investments successful early-stage startups specified arsenic Skype and Tesla. To date, helium has invested successful implicit 200 companies moving connected disruptive technologies ranging from alternate vigor to healthcare, fintech, and more.