Billionaire investor Tim Draper is sticking to his prediction that Bitcoin (BTC) will skyrocket to $250,000. He’s been saying this for a while now, initially predicting it would happen by 2022. He’s since revised his timeline.
Draper’s Revised Timeline
Draper now believes Bitcoin will reach $120,000 by the end of this year and then surpass $250,000 sometime in 2024. He admits his previous predictions haven’t been perfectly accurate, but maintains his long-term bullish outlook. He points to Bitcoin’s technological advantages over traditional banking systems as a key driver of its future growth.
Why Draper is Still Bullish on Bitcoin
Draper argues that Bitcoin’s transparency, global reach, and secure record-keeping make it superior. He believes that once businesses and governments fully understand the cost savings Bitcoin offers, widespread adoption will follow, leading to a significant price increase.
Current Bitcoin Price and Disclaimer
At the time of writing, Bitcoin is trading around $92,100, down slightly in the last 24 hours. It’s important to remember that investing in cryptocurrency is risky, and any investment decisions should be made after careful consideration and research. This information is not financial advice.
