RATE Group | Tim Draper’s $250,000 Bitcoin prediction to wait until Q1 of 2023
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Tim Draper’s $250,000 Bitcoin prediction to wait until Q1 of 2023

12 Aug Tim Draper’s $250,000 Bitcoin prediction to wait until Q1 of 2023

Posted at 10:04h in Bitcoin News by

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  • Grit BXNG will be the first to accept Bitcoin as payment.
  • Bitcoin will always stay ahead of the competition due to its decentralized nature.

The Billionaire and investor Tim Draper previously predicted Bitcoin to trade at $250,000 by 2022. Draper affirmed the prediction but made a slight adjustment. He was speaking during the launch of Grit BXNG, the boxing gym Draper invested in. The gym is going to be the first to accept Bitcoin as payment.

According to Tim Draper:

“$250,000 by 2022, and I’m hedging a little, maybe Q1 2023,” he said. “It may be Q1 2023, but it will be [$250,000] before that.”

Most people expected Draper to increase the prediction following the impressive performance of Bitcoin in the past three months. Moreover, the trade war between the US and China has seen stocks plunge while Bitcoin makes higher concentration.

“I’m the first customer he’s had who paid in bitcoin, and by the way, I was a little reticent to do it…

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