RATE Group | Lightning Network Will Drive Bitcoin to $250,000 by 2023 — Tim Draper
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Lightning Network Will Drive Bitcoin to $250,000 by 2023 — Tim Draper

13 Nov Lightning Network Will Drive Bitcoin to $250,000 by 2023 — Tim Draper

Posted at 11:14h in Bitcoin News by

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Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast. 

Speaking during a Q&A session at the Malta AI & Blockchain Summit last week, the pro-cryptocurrency venture capitalist said innovations such as the Lightning Network would be key in propelling the Bitcoin price higher. 

Draper: 4 years until $250,000 BTC

Doubling down on previous claims, Draper added he still believed BTC/USD would hit $250,000 by 2022 or 2023. 

“I think Bitcoin payment processors are really going to open the floodgates,” he summarized. 

On the topic of why Bitcoin would reach new records within just the next three to four years, Draper continued:

“It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.”

Bitcoin price bullish…

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