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Tim Draper: One Bitcoin Metric Is Extraordinary

There are a lot of optimistic predictions about the prices of Bitcoin these days. Check out the latest reports about the king coin below.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $21,230.

Bitcoin new bullish signals are out

It’s been just revealed that the billionaire venture capitalist Tim Draper is confident that global Bitcoin (BTC) adoption is proceeding extremely well.

In a new interview at Web Summit 2022 in Lisbon, Portugal, Draper made sure to say that Bitcoin hitting 100 million wallets is an “extraordinary” achievement.

“There are 100 million Bitcoin wallets now, and that’s pretty extraordinary, pretty exciting. And we’re only 15 years in.”

According to Draper, the global adoption of Bitcoin will accelerate over the next half a decade.

“You know, people say, ‘Well, why aren’t there 10 billion [wallets]?’”

He continued and said:

“Well, there aren’t 10 billion wallets because it takes time for new technologies to proliferate throughout the world. Facebook is everywhere but it’s 20 years [since it launched]. So give Bitcoin five more years, and you’ll see some great things happening.”

Bitcoin is about to see a new rally

A really popular crypto analyst says conditions are right for Bitcoin (BTC) to begin a significant rally.

Crypto trader Michaël van de Poppe said recently that a 40% jump for Bitcoin is likely in the short term.

His prediction comes as BTC was able to jump into the $21,000 price range and as the US dollar has weakened in value according to the US dollar index (DXY). The analyst also made sure to highlight the fact that Bitcoin may hit $30,000 within weeks.

“DXY is tanking. Yields are ready to drop. Bitcoin at $21,000. It’s time for the run towards $30,000 in the coming weeks.”

He says that Bitcoin is likely headed next to $22,500. He also talked about a short dip and said that this would give people another investment opportunity.

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