CandleFocus Here’s When Bitcoin (BTC) Could Hit Massive $250,000 Price Tag, According to Billionaire Tim Draper: Report
2024-11-27
Author: Content Editor
Billionaire venture capitalist Tim Draper believes that Bitcoin (BTC) will eventually reach $250,000, despite his previous timeline predictions not materializing. Draper initially predicted in 2018 that BTC would hit $250,000 by 2022, but later extended the timeline to mid-2023. He now predicts that BTC will reach $120,000 by the end of this year and then more than double in price next year. Draper believes that Bitcoin's superior technology and cost-saving benefits will eventually lead to widespread adoption. At the time of writing, BTC is trading at $92,100, down more than 2% in the past 24 hours.
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