Friday, July 30, 2021

Billionaire Tim Draper predicts that Bitcoin will reach $250,000 by the end of 2022.

The Takeaway:

Venture Capitalist billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022.

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Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction in 2018 when Bitcoin’s price was still trending below $10,000. Being a venture capitalist and tech investor, Draper has always had faith in the coin. Always taking any opportunity he could to show his support for the coin whenever he could. 

 

Tim Draper believes Bitcoin will become an accepted mode of payment everywhere.

The billionaire venture capitalist believes that Bitcoin will become an accepted mode of payment everywhere. Which he believes is what will drive the coin price up to the point he predicted. Tim Draper has always had strong convictions when it comes to Bitcoin. His support for the leading cryptocurrency has never wavered. He believes that Bitcoin will be at the center of all of the world’s financial activities for the next two decades. He continues on to state that he believes that the price of bitcoin will keep going up. His reasoning for this being that “because there are only 21 million of them.”

 

Tim Draper is not backing down from his BTC prediction. 

Billionaire investor Tim Draper still believes Bitcoin will reach $250,000 soon. He is only slightly adjusting his earlier forecasts by saying it will hit that price in late 2022 or early 202. 63-year-old Draper has been in investing for most of his professional life. He made his fortune by making early investments in Twitter, Tesla, and more. He firmly believes that Bitcoin will be a big player in space. He pointed out that Bitcoin has a lot of positive features, saying that this is what will draw the masses to the cryptocurrency. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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