Billionaire Crypto Investor Tim Draper Says $250,000 Bitcoin (BTC) Forecast on Track, Wa…

Bitcoin (BTC) topped $10,000 in February before dropping below $4,000 last month as investors and the financial markets reacted to the coronavirus pandemic. Despite the plunge and ongoing macro economic turmoil, billionaire investor Tim Draper remains bullish on the leading cryptocurrency.

In an interview with Chinese news outlet Bitpush, Draper, who runs venture capital firm Draper Fisher Jurvetson, warns that prolonged isolation due to widespread lockdowns threatens to aggravate the disease-induced financial crisis. He also shares his thoughts on the projected V-shaped economic recovery, which would see the United States making a quick rebound from its current slump.

“If the government continues to keep people isolated at home for another two weeks, the economic V-shaped trend that everyone discusses will not happen, and the recession may be worse than the virus at that time.”

For investors navigating the volatile equities markets, Draper…