Tim Draper Still Confident Bitcoin will hit $250K this Year
Bitcoin bull Draper is still holding strong with his $250K in 2023 prediction. Price this morning is @ $16820 but we’re only 4 days into the new year so there’s plenty of time for a ride up to $250K
Why This Billionaire Believes Bitcoin Will Catapult To $250,000 This Year
“Tim Draper, a billionaire venture capitalist and bitcoin investor who has long been positive about the alpha crypto’s ascent, maintains his forecast that the cryptocurrency will reach $250,000 this year.
Draper is a longtime believer of Bitcoin and was one of the first investors in the cryptocurrency. In 2014, he paid $19 million for approximately 30,000 BTC seized from the dark web marketplace Silk Road and sold at auction by the United States Marshals Service.
In 2018, when one BTC was selling for about $8,000, tech mogul Draper announced his audacious $250,000 Bitcoin price prognosis.
The 63-year-old investor stated at the time:
‘I’m either going to be really right or really wrong, but I’m positive it’s moving in that direction.’
Even with the bankruptcy of the cryptocurrency exchange FTX, the venture capitalist remains confident the crypto will reach the $250,000 mark.”