Crypto

Cryptocurrency: $250,000 per Bitcoin (BTC) by mid-2023?

Billionaire Tim Draper is a vocal supporter of the world’s first cryptocurrency. This American venture capitalist has often been very optimistic and optimistic about Bitcoin (BTC). In May, he was interviewed by renowned crypto trader and producer Scott Melker. During the interview, he made a very optimistic forecast about the price of the cryptocurrency in the coming months. Recently, during Web Summit 2022, he confirmed his prediction.

Bitcoin (BTC): six digits, then seven digits?

In an online interview with Scott Melker, American venture capitalist Tim Draper made a very optimistic prediction for Bitcoin (BTC). Indeed, he stated, “Suddenly all women will have bitcoin wallets and they will buy things with bitcoin and you will see the price of bitcoin skyrocket to $250,000.”

Interview with Tim Daper

The billionaire repeated his words at a recent web summit held in Lisbon from November 1 to 4, 2022. Draper then stated, “By mid-2023, I expect the value of bitcoin to reach $250,000.” He also indicated that the adoption of the flagship cryptocurrency will increase. The venture capitalist expects BTC to become a means of payment for food.

He also believes that cryptocurrencies will be used to pay for housing, and fiat currency will be used less and less. Recall that in May, Draper said: “I will be very disappointed if we do not see a seven-figure bitcoin in the coming years.”

Tim Draper advises not to limit the use of BTC

An American venture capitalist remarked that countries would suffer if they decide to limit the use of bitcoin (BTC). He suggested that governments should not hold back on the adoption of this cryptocurrency just because they want to control all currencies.

“Every time a new technology comes along, and if the government accepts it, lets their people experiment with it, those people will often do great things…we are going through this right now, it will be interesting,” he said. , Tim Draper.

Since the early days of bitcoin (BTC), Tim Draper has been using cryptocurrency. Indeed, the venture capitalist purchased his first BTC tokens in 2011 on Mt.Gox. But he admitted that he lost all of his BTC holdings during the crash. Despite everything, he remains convinced that cryptography has great potential.

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Avatar of Luke Jose Ajinaku
Luke Jose Ajinaku

The failed cryptocurrency investment in 2017 not only did not dampen my enthusiasm, but only increased my enthusiasm. Therefore, I decided to study and understand the blockchain and its many applications, as well as pass on information regarding this ecosystem with my pen.

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