Billionaire Tim Draper is a strong supporter of the world’s first cryptocurrency. This American venture capitalist has often been very optimistic and bullish on bitcoin (BTC). In May he was interviewed by renowned cryptocurrency trader and producer Scott Melker. During the interview, he made a very optimistic prediction on the price of cryptocurrencies in the coming months. Recently, at Web Summit 2022, he confirmed his prediction of him.
Bitcoin (BTC): six digits, then seven digits?
In an online interview with Scott Melker, American venture capitalist Tim Draper done a very optimistic forecast on bitcoin (BTC). In fact he said:Suddenly all women will have bitcoin wallets and buy things with bitcoin and you will see a bitcoin price explode to $ 250,000“.
The billionaire reiterated his remarks at the recent Web Summit, held in Lisbon from 1uh as of November 4, 2022. Draper then stated: “By mid-2023, I expect bitcoin to reach $ 250,000“He also indicated it Adoption of flagship cryptocurrencies will increase. The venture capitalist expects BTC to become a means of payment for food.
Also think that cryptocurrencies will be used to pay for housing and that fiat currency will be used less and less. Recall that in May Draper had declared:I will be very disappointed if we don’t see seven-digit bitcoin in the next few years“.
Tim Draper advises against limiting the use of BTC
The American venture capitalist noted that countries would suffer if they decided to limit the use of bitcoin (BTC). He suggested that governments shouldn’t hold back the adoption of this crypto just because they want to control all currencies.
“Whenever there is a new technology, and if the government adopts it, let its people experience it, those people will often do great things … we are going through it right now, it will be interesting.“Said Tim Draper.
Since the early days of bitcoin (BTC), Tim Draper has embraced crypto. In fact, the venture capitalist acquired its first BTC tokens in 2011 onwards Mount Gox. But he admitted he lost all of his holdings in BTC during the collapse of the exchange. Despite everything, he remains convinced that cryptocurrencies have a lot of potential.
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Far from dulling my enthusiasm, a fruitless investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to transmit information relating to this ecosystem with my pen.