Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

By: Alex Dovbnya

Venture capitalist Tim Draper says that Bitcoin could occupy five percent of the currency market by 2023, which could push its price to $250,000

Bitcoin as a currency   

Back in September 2014, Draper predicted that Bitcoin would be able to hit $10,000 in only three years. That prediction turned out to be conservative — the Bitcoin price skyrocketed to $20,000 in December 2017.       

Now, Draper claims that he’s more confident about his $250,000 prediction than his previous one. 

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