Bitcoin to $250K – Tim Draper’s bold Price Prediction

Draper cites the changing political scene and halving event, but Arthur Hayes disagrees.“Maybe by the end of this year, if I had to predict, $250K by the end of this year. It is looking pretty good.”

This projection implies a significant 3.5X increase from the current price of around $70K, underscoring BTC’s potential upside. The VC had earlier predicted the same target for BTC by Q1 2023. But the prediction didn’t come true. However, his 2014 prediction of BTC hitting $10K in 3 years was confirmed.When asked why his $250K per BTC by Q1 2023 didn’t happen, Draper quipped,

“I was a little too optimistic. I didn’t expect all the resistance from bureaucrats in a free country. I expected a free country to be a free country and allow the markets to decide what would happen up there.” Draper added, “Great leaders are the ones that trust people and set them free. And the weak leaders are the ones who try to control everybody with their fiat currency.” He noted that great leaders were coming up right now.“If you’re an investor in the stock market, they say don’t bet against the Fed. If you’re a Bitcoin buyer, don’t bet against the halving.

Source: Digital Coin News (digitalcoinnews.net)

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