Billionaire Tim Draper is a staunch supporter of the world’s first cryptocurrency. This American venture capitalist has often been very bullish and optimistic about Bitcoin (BTC). In May, Scott Melker interviewed a popular cryptocurrency trader and producer. During the interview, he made a very optimistic prediction about the price of the cryptocurrency in the coming months. Recently, during Web Summit 2022, he confirmed his predictions.
Bitcoin (BTC): Six digits, then seven?
In an online interview with Scott Melker, American venture capitalist Tim Draper she did A very optimistic prediction for Bitcoin (BTC). He said:Suddenly all the women will get bitcoin wallets and buy things with bitcoins and see the price of bitcoin explode to $250,000.“.
The billionaire repeated his remarks at the recent Web Summit, which was held in Lisbon from 1Verse to November 4, 2022. Draper then claimed, “By the middle of 2023, I expect Bitcoin to reach $250,000He also pointed out Adoption of leading encryption will increase. The venture capitalist expects BTC to become a means of paying for food.
He also believes that cryptocurrency will be used to pay for housing and that fiat currency will be used less and less. Remember that in May, Draper declared:I would be very disappointed if we don’t see seven-figure bitcoins in the coming years“.
Tim Draper advises against restricting the use of bitcoin
The American venture capitalist noted that countries will suffer if they decide to restrict the use of Bitcoin (BTC). He suggested that governments should not prevent the adoption of this cryptocurrency just because they want to control all currencies.
“Whenever there’s a new technology, and if the government embraces it, and lets their people try it, often these guys do cool stuff…we’re going through that now, it’s going to be funTim Draper said.
Since the early days of bitcoin (BTC), crypto has been embraced by Tim Draper. In fact, the venture capitalist got his first BTC coins back in 2011 Gox mountain. But he admitted losing all of his bitcoin holdings during the stock market crash. Despite everything, he remains convinced that cryptocurrencies have a lot of potential.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.