Billionaire venture capitalist Tim Draper believes Bitcoin is hurtling toward a staggering $250,000 Bitcoin (BTC) price tag.
In a new exchange with the Observer, Draper says Bitcoin is at the start of a parabolic rally that will see the top crypto asset generate gains of more than 900% in less than two years.
In December 2022, Draper predicted that Bitcoin will hit his target in six months following the high-profile implosion of crypto exchange FTX, saying that investors will likely seek refuge in high quality and decentralized digital assets like Bitcoin.
Trending: BREAKING: Name of Judge Presiding Over Trump Case is Revealed… Here’s What Trump Had to Say About Him
Even if Bitcoin fails to go on a meteoric ascent by June this year, Draper says that the timeline could be extended to the end of next year.
“I am almost 100 percent sure
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!