Bitcoin Advocate Tim Draper Hopes The Government Will Tax Bitcoin In 2024

Key Points:

• Bitcoin advocate Tim Draper is optimistic about the US government’s positive view of Bitcoin.
• Draper predicts a successful 2024 for the digital currency market, advocating for government-backed Bitcoin taxation.

Billionaire venture capitalist Tim Draper expressed his optimism about the US government’s evolving stance on Bitcoin, stating that it now recognizes the digital currency’s widespread benefits.

Bitcoin Advocate Tim Draper Forecasts Market Boom

Speaking on Bloomberg TV, Bitcoin advocate Tim Draper emphasized Bitcoin‘s positive attributes as a digital currency and predicted a prosperous 2024 for the entire digital currency market. He expressed hope for the government to implement Bitcoin taxation and facilitate increased usage in businesses.

In a recent interview with Coin Bureau, Draper reiterated his positive outlook by forecasting a Bitcoin price surge to $250,000 by 2024. Draper emphasized the likelihood of Bitcoin surpassing this mark once it is attained.

Reflecting on his early advocacy for cryptocurrencies, Draper revealed his realization of Bitcoin’s significance in 2013, following the collapse of the Mt. Gox crypto exchange. In 2014, he disclosed purchasing 30,000 Bitcoins after the incident.

Bitcoin advocate Tim Draper, known for his forward-thinking predictions, previously anticipated Bitcoin’s widespread adoption by women, foreseeing a future where all women possess Bitcoin wallets and conduct transactions with the cryptocurrency. Currently, Bitcoin is trading at $42,800.