It has been revealed the fact that the billionaire Tim Draper said that Bitcoin would be able to hit the $250k level. Check out the latest reports about this below.
Tim Draper reveals BTC prediction
Renowned billionaire and staunch supporter of Bitcoin (BTC), Tim Draper, remains optimistic about the future of the leading cryptocurrency.
Draper has reiterated his prediction that BTC will soar above $250,000. In a recent tweet, the venture capitalist acknowledged that he was not entirely accurate in his earlier forecast that Bitcoin would reach this milestone by 2023.
With the current price of Bitcoin hovering around $30,000, Draper has revised his timeline and now believes that Bitcoin could achieve this target by 2025.
“So much for my predictive abilities…It is June 30, 2023. When Bitcoin was $4,000, I predicted it would reach $250,000 (60x) by now. It has only reached $30,000 (7x). I guess we have to wait a little longer, (maybe two years) but engineers are hard at work.”
In March of this year, Draper confidently predicted that the popular cryptocurrency would reach $250,000 within the next 18 months. He also advised investors to exercise caution with centralized exchange platforms.
Recently, the billionaire criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, for implementing anti-crypto policies that he believes are stifling innovation in the digital asset industry in the United States.
Bitcoin price prediction is out
According to a skilled crypto strategist who accurately predicted the end of Bitcoin’s bull market in 2021, the conditions seem to be favorable for the cryptocurrency to make its next move up.
Going by the pseudonym Pentoshi, this trader has informed his 694,900 Twitter followers that Bitcoin’s most recent decline has already met his foretold forecast of a retracement that would cause the cryptocurrency to briefly fall below $30,000.
“I was hoping for some fills at $29,200 on any pullback but got front run on those.
We did get one higher up at $29,800 but will treat that one as a scalp.
Ultimately, I think the market structure is still fine. Nothing has changed at this point in time.”
