RATE Group | Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper
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Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper

10 Aug Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper

Posted at 09:14h in Bitcoin News by

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Bitcoin (BTC) price will still hit $250,000 but its status as a safe haven asset could see investors waiting a little longer than planned, serial VC investor Tim Draper says.

“People have consolidated towards Bitcoin”

Speaking in an interview with Yahoo! Finance on Aug. 9, the notoriously bullish Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023. Due to current trends, however, there might be a slight delay to the giant price tag becoming reality.

“It’s consolidated more than I thought it would,” he told the network.

He added: 

“I thought there would be many more competitors at this point that were really relevant, but people have consolidated towards Bitcoin because it’s decentralized.”

Draper is well known for his Bitcoin price prediction, something he has repeated multiple times over the years. Now, he considers a likely time frame for the prophecy fulfilling itself as somewhere in the next four years.

“$250,000 by 2022, and I’m hedging…

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