Bitcoin Targeting $250K in Less Than a Year, Says Billionaire Tycoon

Venture capital billionaire Tim Draper says the price of Bitcoin could hit $250,000 in less than a year.

In a new interview with BlockTV, Draper says his long-term price target could happen as early as November of next year – just six months after Bitcoin’s next halving.

“If you run a technical analysis, it looks like it’ll be something like six months to a year after the halving that we will cross $250,000 per Bitcoin…

I can’t wait, because I’m so frustrated with with the banks just taking 2.5% to 4% every time I swipe my credit card. I’m ready for this new currency that’s frictionless and open and transparent.”

Draper, a longtime Bitcoin bull and early investor, says his worst-case scenario has BTC hitting $250K in early 2023. Read More...