New Bitcoin Price Prediction of $250k
According to billionaire Tim Draperhis prediction, Bitcoin’s price will reach insane numbers.
During the Web Summit 2022 event, the founder of Draper Fisher Jurvetson (DFJ) extended his prediction by six months, stating that he believes Bitcoin (BTC) will reach a price of 250k per unit by mid-2023. Although this sounds like a very bold prediction, saying it is someone who has made a lot of money in the industry and has made a mark as a major investor in the sector.
Tim Draper: Bitcoin Price Prediction to $250k by 2023
Despite the bear market, it seems that Tim Draper really stands by his statements. Not only did he predict Bitcoin at the exorbitant price of $250,000 per unit, but he further stated that Bitcoin is the real insurance against the poor state economy:
“We’re seeing inflation, they’re fighting it, we’re also seeing bad policies and mismanagement of the economy. And Bitcoin is insurance precisely against mismanagement, and there seems to be a lot of that right now.”
Undoubtedly, venture capitalist Tim Draper is one of Bitcoin’s biggest supporters, appreciates the freedom and fully believes in cryptocurrency:
“Bitcoin creates a freer world, a world with more trust. It’s an honest currency: it’s not tied to banks, it’s not tied to governments. And it’s decentralized.”
Tim Draper’s prediction: women will drive Bitcoin’s price up
A really important statement from Tim Draper, who ends up surprising the audience at Web Summit 2022 in his Draper University with his latest statement: it will be women who will make Bitcoin reach $250k:
“There will be women who will take Bitcoin to $250,000. And the reason is that women control about 80 percent of retail spending, and you can’t buy food, clothes, rent a house in Bitcoin yet – when it becomes possible, there won’t be any reason to still have fiat currencies, and there will be a kind of rush to the banks.”
This is the statement of the CEO of Draper Fisher Jurvetson, who links retail sales to Bitcoin, explaining precisely that the best use for Bitcoin will be to buy food, clothing and shelter as soon as it is allowed.
It’s a statement that offers hope for Bitcoin investors, who have seen the crypto fall by a small amount recently.
Tim Draper stabs Ethereum
“Ethereum is quite centralized. And they keep printing some. It doesn’t work as well as Bitcoin, where there are only 21 million.”
Draper’s stab at Ethereum sounds like an ardent fan of the Bitcoin team, although the venture capitalist may have forgotten Merge and Ethereum’s transformation into a deflationary ecosystem.
Indeed, with the shift to Proof of Stake Ethereum the ecosystem not only became much greener, but also improved the burning mechanism.
That is, the amount of ether produced by the system will be less than the amount burned by the mechanism introduced with London upgrade. Anyone can check in real time to see if, how and when this happens.
Perhaps for this statement Tim Draper was found unprepared.
