Bitcoin Billionaire Tim Draper doubles down on his $250,000 bitcoin prediction

The well-known crypto bull and veteran investor Tim Draper stands by his bullish prediction about the leading cryptocurrency. He claims bitcoin will reach $250,000 by the start of 2023.

In a recent interview with CNBC Squawk Alley, bitcoin billionaire Tim Draper doubled down on his bitcoin prediction. He had earlier called that bitcoin would reach $250,000 within three years. He also noted that by that time, bitcoin would be the preferred currency because of its attractive qualities. 

 

Tim Draper is highly bullish on bitcoin.

Tim Draper has always been a vocal advocate for the leading cryptocurrency bitcoin. During the interview, Tim Draper said that he still stands by his prediction, and bitcoin will be at $250,000 by the end of 2022 or at the beginning of 2023. He went on to say that bitcoin will be the choice of currency as people will realize the potential of bitcoin and how it independent of political force. 

 

The billionaire has “a lot” of his net worth in bitcoin.

Tim Draper, when asked about how much of his network is stored in bitcoin, did not reply by giving a specific number, but he mentioned that a lot of it is in bitcoins. He also remarked that bitcoin is a kind of safe heaven now as the traditional market continues to slump down. Bitcoin is currently trading just above $9,600 as it slumped down from above $10,000 mark earlier this month. So far, 2020 has been a pretty good year for the leading cryptocurrency. 

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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