Tim Draper, tech mogul and investor in technology, has just addressed his often-repeated prediction that Bitcoin will reach $250,000 by 2023.
Although the cryptocurrency hasn’t reached its peak yet, he remains optimistic that it will before the upcoming halves.
He revealed that he was a billionaire venture capitalist who is a crypto enthusiast and wore a Tshirt with the slogan “250K by 2022” to show his faith in digital currency.
Halvening is an event which rewards people who mine Bitcoin with less coins than they did before. This increases the cryptocurrency’s scarcity. Due to expected price appreciation, such an event usually encourages more people into the market.
Draper has been a long-standing supporter of Bitcoin. Draper has been a long-standing advocate for decentralized digital currencies and was among the first investors in Bitcoin. He bought nearly 30,000 bitcoins at an U.S. auction in 2014. Marshals Service, which were taken from Silk Road-an underground black market website created by Ross Ulbricht.
Draper believes Bitcoin can be used to increase financial sovereignty and bring ‘unbanked people’ into the global economy.
According to U.Today , the venture capitalist repeatedly said that women could push Bitcoin past the 2023 mark.
Venture capitalist, he is well-known for his successful investments in early stage startups like Skype and Tesla. He has invested in more than 200 companies that are working with disruptive technologies, including alternative energy, healthcare, fintech and many others.