RATE Group | Tim Draper Doubles Down On $250,000 Bitcoin (BTC) Prediction, Cites Global Adoption
51681
post-template-default,single,single-post,postid-51681,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Tim Draper Doubles Down On $250,000 Bitcoin (BTC) Prediction, Cites Global Adoption

06 Dec Tim Draper Doubles Down On $250,000 Bitcoin (BTC) Prediction, Cites Global Adoption

Posted at 05:59h in Bitcoin News by

[ad_1]

“All Times Are Good Times To Enter The Crypto Market”

Tim Draper, a legendary venture capitalist based in Silicon Valley, has long been a believer in Bitcoin (BTC), reportedly buying boatloads of the asset (a reported 40,000 coins) in 2014. And even while BTC has exploded in value since then, undergoing a bull run that sent cryptocurrencies ‘to the moon’, Draper has claimed that he hasn’t sold, as he still expects this newfangled asset class to boom in the long haul.

More specifically, speaking with CoinTelegraph, the “staunch” bull recently doubled-down on his $250,000/BTC price prediction, one of the most optimistic forecasts for the world’s foremost cryptocurrency.

Speaking on Bitcoin’s recent bout of capitulation, which saw the aggregate value of all cryptocurrencies fall under $130 billion, Tim, who runs a venture fund and entrepreneur-focused university that shares his surname, noted that the sell-off was simply a ‘fluctuation.”

He mused that this…

[ad_2]

Source link

Tags:
, , , , , , , , ,