Cryptocurrency expert says bitcoin will reach $ 250,000

Famous venture capitalist Tim Draper repeated his bold prediction that the value of the first cryptocurrency will reach $ 250,000. «Of course, I predict $ 250,000 for bitcoin. I thought it would happen by June of this year, but now I think it may happen a little later,» the financier said.

The expert also expressed confidence in the stability of cryptocurrencies and rejected the possibility of bitcoin’s disappearance. «We will all feel better when bitcoin is introduced into the [американську] economy,» he said.

Tim Draper has repeatedly stated that the flagship cryptocurrency’s rate will increase tenfold in 2023. The investor believes that even the collapse of FTX will not affect the BTC’s reaching the $ 250,000 mark.

Draper frequently criticizes the distrust of centralized governments towards crypto assets, especially bitcoin. The analyst emphasizes that although the authorities are still afraid of cryptocurrencies, they will inevitably transform the financial system. Just a month ago, Draper emphasized that bitcoin would grow by more than 900% in less than 2 years.

The expert also advised digital asset owners to invest in at least two cryptocurrencies: bitcoin and any altcoin that users consider appropriate. Draper emphasized that large businesses also need to have at least two accounts in different banks. The deposit period should be short — no more than six months, and the banks should have different jurisdictions — one should be local and the other international.