Bitcoin will hit $250000

Tim Draper’s bold Bitcoin call

I’ve heard plenty of bullish and bearish predictions for Bitcoin’s price. I’ve heard critics say that Bitcoin is going to zero, which I feel is an extreme point of view. However, market seers can also go to the other extreme. And I won’t deny that it gets people’s attention, albeit at the cost of credibility.

It’s not every day, though, that we hear a bona fide billionaire make an extreme price prediction. Draper’s call for Bitcoin to hit $250,000 certainly stirred up controversy. But the man’s an established name in the crypto world—he’s a major investor in the Tezos project, which is now worth $232 million in cryptocurrency.

Don’t misunderstand. Draper’s not calling for Bitcoin to reach $250,000 this year or even next year. He expects it to get there in 2022 or 2023 because “Bitcoin payment processors are really going to open the floodgates.”