Tim Draper suggested that Bitcoin will need more time to overcome the $ 250,000 mark

Tim Draper suggested that Bitcoin will need more time to overcome the $ 250,000 mark

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An influential venture investor, the head of Draper Associates and one of the early followers of Bitcoin, Tim Draper, made some adjustments to his own forecast for the price of bitcoin. It will reach $ 250,000, but this can happen in the first quarter of 2023, and not in 2022, he stressed.

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Tim Draper (@TimDraper) August 9, 2019

“I play it safe a bit, maybe the first quarter of 2023. But still, I’m sure that Bitcoin will reach $ 250,000 earlier. ”

At the same time, he said that he invested in the sports boxing club Grit BXNG, which accepts bitcoins for payment.

Draper also supported the popular opinion in the community that Bitcoin is a protective asset in times of turbulence in traditional markets.

Nasdaq down 3.4% Dow down 2.9%. Bitcoin up 3.2%. Bitcoin may be a remarkable hedge. #bitcoin

Tim Draper (@TimDraper) August 6, 2019

Meanwhile, the Bitcoin dominance index came close to 70% – at the time of writing, it was 69.6%.

Recall that other Bitcoin optimists, such as Tom Lee and Mike Novogratz, are also convinced that global economic turmoil will contribute to the rally of the first cryptocurrency.

Earlier, in an exclusive interview with, Draper said that he was behind his well-known forecast about the price of bitcoin, that he thinks about cryptocurrencies oriented to increased user privacy, as well as what criteria he is guided by when choosing another project for investment.

Tim Draper: Bitcoin will grow to $ 250 thousand and take 5% of the total share of the global economy

Tim Draper suggested that Bitcoin will need more time to overcome the $ 250,000 mark

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