American investor Tim Draper was one of the first supporters of Bitcoin (BTC) and has made several price predictions over the past eight years that have turned out to be correct. In 2014, Draper predicted that BTC would reach $10,000 in three years. in November 2017 bitcoin It reached $10,000.
On the other hand, in 2018, when BTC was around $8,000, Draper predicted it would reach $250,000 by the end of 2022 or early 2023. On this forecast, Draper changed his view a bit, but not in terms of price, but in terms of time frame.
Koinfinans.com As we reported, Draper expects BTC to rise to $250,000, but by the end of 2023 instead of the first quarter of 2023.
Draper expressed his current views in an interview with Benzinga. When asked what the $250,000 price estimate was based on, Draper said:
“When people buy their food, clothes and housing with Bitcoin, there will be no reason to hold fiat. Once governments realize they can tax Bitcoin and never do tax cheating again, all accounts will be automated on the blockchain. It fails and they will be able to abandon their political currency.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.