The expert predicts a 10-fold increase in bitcoin in the middle of next year.

Billionaire and well-known crypto enthusiast Tim Draper, speaking at Web Summit 2022, repeated his previous estimate of the growth of the ETH to $ 250,000 by the middle of next year.

It is worth reminding that Draper first announced this forecast in 2018 — he expected the GTC to reach $ 250,000 by 2022, in the summer of 2021, Draper adjusted the forecast to the beginning of 2023, and now he has pushed it back another six months.

Draper, like some other participants in the cryptocurrency industry, is confident that the future growth of bitcoin is directly related to the adoption of cryptocurrencies by women, as they generate 80% of retail purchases.

«You can’t buy food, clothing, and housing with bitcoin yet, but once you can, there will be no reason to hold on to fiat currency,» Draper said. However, the billionaire’s statements are a bit late — if we take the United States, for example, it is already possible to afford all these types of purchases with only cryptocurrency. A burger for BTC is already the norm.