Who says better? In the area predictions applied to bitcoins two different camps stand against each other. On the one hand, there are those who think of fairly probable all-time highs, even if this means underestimating the market’s potential. And those who, like Tim Draper, they have been promising $250,000 BTC for years…in anticipation of eventually achieving this goal. An amount he believed could be achieved in June last yearThen in 2025 as soon as this period is invalid. But since things are “looking pretty good” at the start of the year why not finally in 2024 ! The story of a chorus that can finally become a reality.
Tim Draper: $250,000 BTC Specialist
Make predictions in the area cryptocurrencies is a dangerous art. This is why it is especially important not to not afraid of ridicule when fantasies finally collide with the capricious reality of the market.
For example, they all agreed to see Bitcoin is over $100,000 – at least according to the most optimistic – during the previous one bull market started in 2021. A huge joke according to billionaire investor Tim Draper. After all, he already estimated (already in 2018). BTC could hit $250,000 next yeari.e. in 2022.
A necessary step back, at the same time Bitcoin seems determined to take its time to start things off a little more seriously. Especially considering that many analysts believe it The long-awaited upturn after the halving could be (very) disappointing given the current market situation. But it’s still not just a prediction…
However, Tim Draper still hasn’t given up at the CoinTelegraph microphone during Paris Blockchain Week : Bitcoin reaches $250,000. And this time it will happen in 2024.
“If I had to predict, we could see $250,000 by the end of the year; I mean, it looks pretty good. »
Tim Draper
Bitcoin: one ” essential protection against fiat currency devaluation »
Fortunately, however, Tim Draper’s predictions do not stop at this simple goal. The billionaire also believes the autonomous nature of Bitcointo the extent that it becomes the investment of choice withstand a possible currency crisis.
A prophecy that he repeats this time from 2021. But the opportunity to find himself in front of a new audience will allow him repeat it again :
“The future I see is that if you don’t have bitcoins to take care of you when dollars are worthless, there will be scarcity in your life. »
At the same time, Tim Draper approaches next half term. BTC emission halving ‘that will change everything’. » Because, as this venture capitalist explains, when supply falls and demand rises, prices go up according to the principle of “natural economy”. It is hard to imagine a pessimistic scenario when we see tens of billions of dollars that traditional finance has poured out in spot bitcoin ETFs.