Venture Capitalist Tim Draper Says There Is No Reason For Bitcoin Price To Not Go Up 30x From Now

Draper has argued that Bitcoin would go up at least 30x from now. In a recent interview, the American billionaire mentioned that Bitcoin's price is "cheap" and that the world would gravitate towards the asset in the future.

The seasoned investor claimed that Bitcoin is still in its early days and is just entering a mainstream adoption curve. Draper noted that Bitcoin's market cap of around $2 trillion is tiny and makes up a meager fraction of the global monetary economy.

As a result, he expects further expansion of the digital asset and consequently more upside. Using the analogy, Draper argued that Bitcoin at this price is a premium discount compared to its future valuation.

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