Bitcoin, according to a billionaire investor, will cost $250,000 by 2023.
Tim Draper, a well-known venture capitalist in the cryptocurrency sector who has also generously backed other businesses
including Tesla, SpaceX, Robinhood, and Skype, stated his optimism for the future of Bitcoin
predicted that it will reach $250,000 next year.
Draper consistently predicted the exact price for the cryptocurrency asset during his interviews back in April, June 2021, and June 2022
but regrettably, as of this point, it hasn't been able to come near to that value.
Draper also thinks that women will be significant Bitcoin retail investors and will help drive the price to $250,000 in the future.
Bitcoin will increase once retail consumers can use the cryptocurrency in a seamless and simple way for transactions
At that point, there will be no reason to hold on to fiat currencies.
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