given to CNBC a statement In 2014, billionaire venture capitalist Tim Draper said that he still believed that the price of bitcoin would reach $250,000 by the end of 2022 or early 2023. Let us inform that Draper had made the same prediction for the first time in 2018, when bitcoin was trading at $ 8,000 (about Rs 5.9 lakh). Even after the tremendous fall in bitcoin, he is standing by his point. Bitcoin has seen tremendous growth this year. The coin was at its peak in April, when its all-time high was $65,000 (approximately Rs 48 lakh), but in May its value declined by more than 50 percent. till the news on WazirX The price of bitcoin in India was Rs 29.5 lakh.
He said that he thinks his prediction will be correct. However, at the same time, he also said that either his statement will prove to be absolutely right or completely wrong.
Draper believes that more people will start investing in cryptocurrencies in the times to come. In addition, 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.
Those who do not know, tell them that Tim Draper is 63 and he is a famous Venture Capitalist. Tim has made billions in early-stage investments in companies like Twitter, Tesla, SpaceX and Skype, and he also has major investments in Bitcoin.