Billionaire Tim Draper has predicted a new all-time high for bitcoin, foreseeing a staggering $250,000 rise for the cryptocurrency in 2024.
bitcoin will reach $250,000
In a recent exclusive interview with corner office, a crypto information portal, American venture capital investor Tim Draper and Real Vision co-founder and CEO Raoul Paul shared compelling insights on the bitcoin-as-one-of-the-best-performing-assets-report/” rel=”nofollow”>bitcoin outlook and other cryptocurrencies in the space.
During the interesting conversation, Draper expressed highly bitcoin-cycle-analyst-reveals-the-btc-cheat-sheet/” rel=”nofollow”>bullish sentiments regarding the future trajectory of bitcoin. When asked about his opinion on bitcoin-will-climb-30-after-etf-approval-analyst/” rel=”nofollow”>bitcoin price prediction, Draper confidently stated that btc is ready to hit $250,000 soon. He hinted at the possibility of that surge occurring in 2024, given the current bullish trend of bitcoin and several other cryptocurrencies.
Draper, known for his success in bitcoin-investment/” rel=”nofollow”>Investments in bitcoins He also revised a previous bitcoin projection he made. He stated that he had predicted that bitcoin would reach $10,000 in three years and, true to his forecast, the cryptocurrency reached the milestone.
“I would say my $250,000 figure is probably coming very soon, so I'll stick with $250,000. I think if it gets to $250,000, it will far exceed that number,” Draper said.
As he addresses his $250,000bitcoin-up-forecast-expert-signals-market-triumph/” rel=”nofollow”> btc forecast, Draper also mentioned an earlier prediction in which he anticipated the bitcoin-price-new-all-time-highs/” rel=”nofollow”>bitcoin price reaching $250,000 when its value was $4,000. Despite the failure of this particular prediction, Draper hinted at the possibility that the crypto-clampdown/” rel=”nofollow”>USAThe archaic approach to cryptocurrencies may be stifling innovation and growth.
“When I predicted that, what I didn't expect was how fearful and old-fashioned the United States would be. I believe that with a receptive United States we would be having conversations like the ones I have with the people of El Salvador,” Draper said.
Now, bitcoin/” rel=”nofollow”>The Savior It is one of the few countries that has accepted bitcoin as legal tender. The country became the first to bitcoin-and-other-crypto-like-xdc-network-as-legal-tender/” rel=”nofollow”>make bitcoin legal tender in September 2021, allowing its citizens to use btc as a legal form of payment.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/12/Billionaire-Tim-Draper-Predicts-When-Bitcoin-Price-Will-Hit-250000" alt="Tradingview.com bitcoin Price Chart” width=”3266″ height=”1530″ loading=”lazy”/>
btc bears vie for control | Source: BTCUSD on Tradingview.com
Draper reveals crucial role of stablecoins in shaping btc
During the interview, Draper highlighted the role of crypto-stablecoins-redemptions/” rel=”nofollow”>stablecoins in the crypto space. The billionaire stated that stablecoins could serve as a valuable support mechanism for btc due to its price stability and perfect portability.
“I think the role of stablecoins will be a bridge to bitcoin. “I think the way stablecoins are going to work, they will be viable as long as the dollar is viable, and then when there is a run on the dollar, people will move to bitcoin,” Draper said.
The billionaire also expressed a particular interest in smart contracts, highlighting its various use cases. He discussed the transformative impacts that bitcoin could bring to the financial sector through smart contracts.
Draper stated:
I'm a big fan of smart contracts. I can't wait for the time when I can raise all my investors' money in bitcoin, invest it all in bitcoin, have everyone pay their employees and suppliers and their taxes and everything else (in bitcoin), and have everything fully accounted for. , audited, without an accountant, auditor, bookkeeper, transfer agent or tax attorney. This new economy will have much less friction. “I think that’s very exciting.”
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