During a recent appearance at the Web Summit held in Portugal, prominent investor Tim Draper predicted that Bitcoin , the largest cryptocurrency, could reach $250,000 in six months.
Final day at @WebSummit “let’s just hope governments don’t do stupid things in this downturn” Tim Draper says pic.twitter.com/eRXpYWMvST
— Aisha S Gani (@aishagani) November 4, 2022
Draper, an early investor at companies such as Hotmail and Skype, predicted that female Bitcoiners would significantly expand the largest cryptocurrency user base.
According to research conducted by New York Life Investment Management, women control 51% of wealth in the United States.
Back in 2014, he correctly predicted that the price of the world’s largest cryptocurrency would exceed $10,000 in three years, with Bitcoin reaching $20,000 by the end of 2017.
But to forecast $250,000 by 2023, BTC will need to soar another 1,090% to reach his target. It is highly unlikely that it will be able to reach that price level within the next six months.
