Billionaire Tim Draper Predicts Bitcoin (BTC) Will Break $250,000 – Here’s His Timeline
Billionaire and longtime Bitcoin (BTC) bull Tim Draper reiterates his prediction that the crypto king will break $250,000.
The venture capitalist tells his 253,500 Twitter followers that he was slightly wrong in his previous prediction that BTC would hit $250,000 in 2023.
With bitcoin trading just above $30,000, Draper is now extending the timeline for its price target. According to the billionaire, Bitcoin could break the $250,000 mark by 2025.
“So much for my forecasting skills… It’s June 30, 2023. When Bitcoin was at $4,000, I predicted it would hit $250,000 (60x) by now. It only reached $30,000 (7x). I guess we have to wait a bit (maybe two years) but the engineers are working hard.”
Earlier in March this year, Draper said he was “almost 100% certain” that his prediction of the king cryptocurrency hitting $250,000 in the next 18 months would come to pass, adding that investors centralized exchange platforms should be on their guard.
Last month, the billionaire also spoke out against Securities and Exchange Commission (SEC) Chairman Gary Gensler, saying his anti-crypto policies are stifling digital asset innovation in the United States.
At the time, Draper said that the SEC should not have oversight over the digital asset industry and that the regulatory climate in the US was confusing and discouraging.
Bitcoin is trading at $30,587 at the time of writing, up marginally over the past 24 hours.
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