Tim Draper Believes Bitcoin Will Hit $250,000 in Just Two Years

Tim Draper, billionaire venture capitalist and investor, wrongly predicted that Bitcoin (BTC) would hit $250,000 by June 2023. However, he believes this will happen at some point, perhaps in 2025.

Draper admitted in an interview on February 2, he told Bloomberg TV that he did not expect the US government to take such aggressive action.

He claimed that the SEC’s recent enforcement actions against crypto firms such as Coinbase and Binance drove entrepreneurs out of the United States, thereby in turn hurting the Bitcoin price.

Draper says the value of Bitcoin and its technology will not be affected.

He said, “It’s an excellent system, a fantastic currency and a wonderful way to do business “I can’t wait to raise all of my funds in bitcoins, invest them all in bitcoins, pay all of my portfolio company’s employees and suppliers in bitcoins, and pay all taxes in BTC. Then I will be able to see the money pouring into everyone.” Bitcoin wallets. There is no bookkeeping or bookkeeping. Everything is done via the blockchain. “It’s all honest and it’s clear.”

Draper is one of the pioneers of crypto. Draper realized the importance of Bitcoin after the collapse of Mt. In a 2014 interview, he stated that he bought 30,000 bitcoins after Mt

collapsed. Since then he has been an active investor and led several funding rounds in the crypto space.

Draper made a bold prediction in 2018 that he predicted Bitcoin would hit $250,000 by June 2023. He stuck to that forecast even during the recent bear markets.

Draper admitted in a June 30 tweet that the Bitcoin price had yet to hit $30,000. “I think we will.” I have to wait a while (maybe two years), but the engineers are working hard.