Tim Draper: Bitcoin Will Hit $250K in 2 Years
Tim Draper, a venture investor, is confident that Bitcoin will reach a price of $250,000; he has been making this prediction since the last year.
Last November, Draper commented that the crypto market was in for a surge soon enough.
A confirmed advocate of the crypto sphere, Draper reiterated his opinion in April, and again the day before on Bloomberg TV.
However, he took into account the dynamics of the market and altered the expected time-frame of the rally, now suggesting it will come to pass before 2025.
Addressing Bitcoin’s significance, Draper explicated that it has already taken its place in the international economy as a remuneration instrument, and will likely remain in it.
Major world companies have gotten used to rewarding their employees in Bitcoin, yet the US authorities are preventing their full engagement. Finally, the investor concluded: “Bitcoin is here to stay with us.”
