Tim Draper says bitcoin will grow by more than 900% in less than two years

Analyst, investor, and billionaire Tim Draper has shared his opinion on the future of the flagship cryptocurrency. Draper is convinced that bitcoin will grow by more than 900% in less than 2 years.

In a conversation with Observer journalists, Draper emphasized that BTC is currently at the beginning of a parabolic growth that will lead to the $ 250,000 mark. «I'm almost 100 percent sure I’ll be right in 18 months,» the billionaire said.

The venture capitalist, who has previously invested in Coinbase, Hotmail, Skype, Tesla, and Twitter, also emphasized that last year’s FTX crash should be a «wake-up call» for investors who want to accumulate cryptocurrencies controlled by centralized platforms.

«Decentralized cryptocurrencies such as Bitcoin, Tezos, Bitcoin Cash, Aragon, Cardano are much better than centralized digital assets. I don’t know why anyone would still hold a centralized cryptocurrency unless it has a specific purpose, like XRP or ETH. Ihope people will learn a lesson from the FTX/FTT crash,» Tim Draper emphasized.

At the time of writing, bitcoin is trading at $ 24,889, while yesterday the flagship cryptocurrency tested the $ 26,000 mark, reacting to a slowdown in the US consumer price index.