Enterprise capitalist Tim Draper just lately appeared on the On The Ledger podcast, standing by his daring prediction that Bitcoin’s worth will attain $250,000.

“Positive, I am predicting $250,000 Bitcoin. I believed it might occur earlier than June of this yr, however this could be prolonged a little bit bit,” the famed enterprise capitalist famous. 

“We’re on the run now. Perhaps it does occur. Fairly certain it occurs three months earlier than the halvening,” he mentioned through the podcast.

Through the “halvening” occasion, which is predicted to happen in April 2024, mining rewards will likely be lowered by 50%.

Regardless of the uncertainty surrounding the timeline, Draper is assured in the way forward for Bitcoin, asserting that it’s superior to conventional banking and fiat currencies.

Draper, finest referred to as the founding father of Draper Associates and an early Bitcoin investor in 2014,  stays optimistic in regards to the cryptocurrency’s prospects.

Whereas he acknowledges potential doomsday situations for the cryptocurrency market, he doesn’t foresee a state of affairs during which Bitcoin utterly fades away. As a substitute, the enterprise capitalist means that banks and fiat currencies are unlikely to trigger a downward pattern for cryptocurrencies.

This perception within the resilience and potential of cryptocurrencies has fueled Draper’s bullish sentiment.