Billionaire Tim Draper Is Unfazed By Market Downtrend, Doubles Down On $250,000 Bitcoin Price Target

Billionaire Tim Draper Is Unfazed By Market Downtrend, Doubles Down On $250,000 Bitcoin Price Target


Bitcoin is not new to enthusiasts setting high price targets and forecasts that seem wild. In this vein, Tim Draper, who has always been a strong bitcoin advocate has been one of those giving the digital asset a high price target. Back in 2018, the billionaire had made a price prediction that seemed to most an outrageous forecast.

This was mostly due to the fact that at the time that Draper made the predictions, the price of bitcoin was still at a mere $8,000. But Draper had never backed down on his prediction. In fact, Draper had reiterated the price prediction in 2021, explaining that his faith and forecast are predicated on the fact that the digital asset will never have more than 21 million coins in circulation.

Related Reading | Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022

In addition to this, the fact that with each passing day, more and more investors lose their

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