By the end of 2022 the price of bitcoin will be around Rs 1.85 crore!

Bitcoin is having a tough time since the crypto market crash in mid-May. The most trusted coin that has taken the cryptocurrency to new heights has been falling steadily for some time now. However, a recent tweet by Elon Musk, the owner of Tesla and SpaceX and the world’s biggest influencer of cryptocurrency, re-adoption of bitcoin as a form of payment in the future, has started the bitcoin price rising again. gave. Even though investors and traders are losing faith in bitcoin, billionaire venture capitalist Tim Draper says he will still stick to his initial prediction, which he said will see bitcoin by the end of 2022 or early 2023. $2,50,000 (approx Rs 1.85 crore).

given to CNBC a statement In 2014, billionaire venture capitalist Tim Draper said that he still believed the price of bitcoin would reach $250,000 by the end of 2022 or early 2023. Let us tell you that Draper had made this prediction for the first time in 2018, when bitcoin was trading at $8,000 (about Rs 5.9 lakh). Even after the huge drop in bitcoin, he is sticking to his point. This year has seen tremendous growth in bitcoin. The coin was at its peak in April, when it hit an all-time high of $65,000 (roughly Rs. till news on wazirx The price of bitcoin in India was Rs 29.5 lakh.

He said he thinks his prediction will be correct. However, at the same time, he also said that either his statement will prove to be absolutely true or completely wrong.

Draper believes that more people will start investing in cryptocurrencies in the times to come. Furthermore, he also says that in the coming year and a half, retailers will also switch to OpenNode (a bitcoin payment processor) so everyone will start accepting bitcoin.

For those who do not know, tell them that Tim Draper is 63 years old and he is a famous venture capitalist. Tim has invested billions in early stages in companies such as Twitter, Tesla, SpaceX and Skype, and he also has major investments in bitcoin.