Tim Draper: "Bitcoin will hit $250,000"

Renowned venture investor Tim Draper reiterated his bold prediction that the first cryptocurrency would hit $250,000.

“Of course, I predict $250,000 per bitcoin. I thought it would happen before June of this year, but it may happen a little later,” said Tim Draper (Tim Draper).

He also expressed confidence in the stability of cryptocurrencies and rejected the possibility of the disappearance of bitcoin.

“We will all be better off in an economy based on bitcoin,” he said.

Tim Draper has already stated several times that in 2023 the Bitcoin exchange rate will grow tenfold and reach $250,000. Even the collapse of FTX will not affect the achievement of the mark announced by the investor, the investor believes. According to him, the bitcoin exchange rate could exceed $250,000 if women around the world start paying them for goods in stores.

Draper often criticizes the distrust of centralized governments in crypto assets, especially the first cryptocurrency. The investor emphasizes that although the authorities are still afraid of cryptocurrencies, the latter will still inevitably transform the financial system.

Draper recently spoke at the Paris Blockchain Week '2023 (PWD). The speaker ended his speech titled “Decentralization of Everything” with a song about bitcoins of his own composition.