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.