Tim Draper, the billionaire venture capitalist has predicted that Bitcoin will reach $250,000 within 4 years!
Talking to Fox Business, Draper also stated that he will be moving his money away from Banks and into Bitcoin, and called Bitcoin the most ‘secure’ currency right now:
“My money is at risk in banks. They’re being hacked all the time…Bitcoin is probably the most secure of currencies right now.” – Tim Draper
Draper, an early investor in Tesla, Hotmail and Skype, went on to make another prediction:
“I’ve already made a prediction that in five years, we will try to go in and buy a coffee using fiat money and the barista will laugh at you.”
I guess we better start stocking up on Crypto if we want to continue buying coffee in 2023! Draper’s predictions are in contrast to the recent comments of Warren Buffet who likened Bitcoin to ‘rat poison.’
Whether Bitcoin reaches $250,000 or not, I believe what is clear over the past year is that Crypto is not going away. We are living in a time where I believe we will see the a drastic change in the way money operates.
Be sure to subscribe to our FREE email alerts below. You can unsubscribe quickly if you get fed up of us.
We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.