Billionaire Tim Draper shares his prediction for the future of Bitcoin, claiming that the cryptocurrency will reach a new all-time high of $250,000 by 2024. In an exclusive interview with Coin Bureau, he shared his optimism about the prospects for Bitcoin and other cryptocurrencies.
Draper expressed confidence that the bullish trend in the cryptocurrency market, including Bitcoin, will lead to impressive growth, reaching $250,000 by 2024. He also noted that his previous prediction of Bitcoin reaching the $10,000 mark came true, highlighting his successful history in investing in cryptocurrencies.
Discussing possible reasons for the rise, Draper noted the bullish trend and hinted at possible limitations associated with the US approach to cryptocurrencies. In his previous forecast, he noted that he did not expect such a conservative attitude of the United States towards cryptocurrencies, comparing with the experience of El Salvador, which adopted Bitcoin in
as legal tender.
Draper expressed confidence in his forecast and added that if Bitcoin reaches $250,000, it could lead to even more significant growth. He also stressed that the American approach could slow down innovation and growth in this area.
