American venture capital investor Tim Draper due to FTX bankruptcy Bitcoin (BTC) Although it has experienced sharp drops, it still thinks positively about BTC.
The billionaire investor, who recently interviewed Cointelegraph, said that despite the recent negatives in crypto, BTC He said he didn’t give up on his guess.
Despite the recent wave of crypto crises fueled by FTX, Draper persists with his Bitcoin prediction, sticking to his prediction that BTC will reach $250,000 by 2023.
“There is no change in my price estimate. I believe BTC will reach $250,000 by 2023.
Bitcoin’s success is not dependent on or related to FTX. Because while Bitcoin was decentralized, FTX was not.
FTX was centralized, tied to a single founder. “Whether a currency is a central bank currency, for example, when that currency is centralized, it becomes a point of failure and is also manipulable.”
Saying that the FTX bankruptcy revealed that over-centralization is the biggest vulnerability, Draper described FTX’s bankruptcy as a fiasco:
“I think this fiasco will bring in a lot more Bitcoin maximalists. Remember that your money, whether crypto or fiat, is not secure in a centralized system.”
In this context, the largest crypto exchange in the USA coinbaseThe famous billionaire who expressed his trust inI store my tokens on Ledger and Coinbase. Neither of them use my tokens to borrow or invest.” said.
*Not investment advice.
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