Investor Tim Draper is convinced that bitcoin will reach $ 250,000 in 2023

Billionaire cryptocurrency investor Tim Draper has once again shared his prediction that BTC $56,416.10 Bitcoin -1.81% Market capitalization $1.11 trillion VOL. 24 hours $4.33 billion will be traded for $ 250,000 in 2023. Draper is convinced that the problems in the crypto sector related to the bankruptcy of the FTX exchange will not affect bitcoin’s achievement of a historical maximum.

«There are no changes in the forecast of bitcoin’s value. I expect $ 250,000 for BTC at the beginning of next year,» the investor told Cointelegraph. According to Draper, the main factor behind bitcoin’s success: «The FTX exchange was centralized and depended on one owner who did not justify the trust of users, bitcoin has an advantage in this regard.»

It’s worth noting that Draper first made his forecast for the value of the flagship cryptocurrency back in 2018 — even then, the investor was convinced that BTC would grow to $ 250,000 by the end of 2022 or early 2023. Since then, the billionaire has repeated his prediction many times, ignoring bear markets and the consequences of the collapse of crypto exchanges and investment companies.

Representatives of the crypto analytical firm TradingShot also expect the value of BTC to rise. Experts believe that if bitcoin maintains its position over the next week, investors should expect strong growth in 2023. According to TradingShot’s fractal analysis, the support level for bitcoin is $ 16,628, and if the flagship cryptocurrency manages to stay at this level, it may rise to $ 95,000.