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Tim Draper Predicts Bitcoin To Spike 1,090% In the Next Six Months – Here Is The Target

5 Nov, 20222 min readAnalytics
Tim Draper Predicts Bitcoin To Spike 1,090% In the Next Six Months – Here Is The Target

After Bitcoin struggled to move past $20,000, recently a few days ago the King currency captured its crucial price area. Now with the latest move Bitcoin price has even regained its next significant area of $21,000.

At the time of reporting, Bitcoin is selling at $21,316 with a surge of 3.46% in the last 24hrs and 2.02% in the last seven days.

Meanwhile, the American venture capitalist and founder of Draper Fisher Jurvetson, Tim Draper has recently claimed in Web Summit that the first born cryptocurrency, Bitcoin, will hit $250,000 by 2023. During the three day Web Summit 2022 he said that he is fond of bear markets as it’s the favorite time to invest.

“By the way, it will be women who will take Bitcoin to $250,000” Tim Draper says, adding he’ll give it six months— Aisha S Gani (@aishagani) November 4, 2022

Bitcoin Price At $250,000

The tweet portrays his stance towards women in crypto where Draper claims women will push the flagship currency to the target of $250,000 by 2023. As per New York Life Investment Management research, 51% of the US wealth is controlled by women.

Tim Draper, a renowned Venture Capitalist in the crypto world who has also supported companies like Tesla, SpaceX, Robinhood among others has always believed that women have the capability to expand Bitcoin adoption.

Draper has made a purchase of 30,000 Bitcoins which was held by the US Marshals from the now dysfunctional Silk Road darknet marketplace back in 2014. Earlier in 2014, Draper had claimed that Bitcoin will move beyond $10,000.

This is not his first claim about Bitcoin hitting $250,000 by 2023, he has been making this prediction for a long time now. If the King currency had to capture the said level, it would surge nearly 1,090%, which looks quite impossible.

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