Tim Draper Believes In Bitcoin’s $250,000 Price Again Next Year
Tim Draper, a well-known venture investor and cryptocurrency lover, projected that Bitcoin (BTC), the largest cryptocurrency, will be able to reach $250,000 by January during a recent presentation at Web Summit, an annual technology conference held in Portugal.
Draper thinks that women can raise the price of the cryptocurrency king to that level.
The venture entrepreneur, who was an early supporter of businesses like Hotmail and Skype, projected that female Bitcoiners would be able to increase the user base of the most popular cryptocurrency considerably. New York Life Investment Management’s analysis shows that 51% of the country’s wealth is held by women.
Draper has been forecasting that Bitcoin will reach $250,000 by 2023 for many years. However, it is quite doubtful that the top cryptocurrency would be able to achieve a price above the level even within the next six months, given the present economic situation and the Fed’s inflation control tactics.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu