Venture capitalist Tim Draper expects Bitcoin (BTC) price to reach $ 250,000 sooner or later, however, securing the status of cryptocurrency as a means of accumulation may become a reason that will make investors wait longer than he previously thought.
In an interview with Yahoo Finance on this Friday, Draper confirmed his previous forecast, while changing the deadlines for its execution.
“Bitcoin has consolidated longer than I expected, ” said Draper.
I thought that by this moment there will already be many competitors who can confirm their relevance, but instead, people have united around Bitcoin, because it is decentralized. ”
Tim Draper has repeatedly noted the huge potential of Bitcoin. Moreover, before that, he often designated the jerk limit in the region of $ 250,000 and even suggested that some states make BTC a national currency. This will help to restore the economy and will facilitate the flow of capital into the financial sector of the country.
This time, Draper again predicted the coin rally and emphasized that decentralization is its main advantage over other instruments. The BTC rate can grow to $ 250,000 already in 2022, in the worst case scenario, we will see an asset spurt to this mark in the first quarter of $ 2023.
Interest in the largest cryptocurrency among investors really continues to grow. Some experts and financiers are sure that in the near future many investment funds will hedge their risks using Bitcoin.
Publication date 08/10/2019
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