Billionaire venture capitalist Tim Draper believes Bitcoin is hurtling toward a staggering $250,000 Bitcoin (BTC) price tag.
In a new exchange with the Observer, Draper says Bitcoin is at the start of a parabolic rally that will see the top crypto asset generate gains of more than 900% in less than two years.
In December 2022, Draper predicted that Bitcoin will hit his target in six months following the high-profile implosion of crypto exchange FTX, saying that investors will likely seek refuge in high quality and decentralized digital assets like Bitcoin.
Even if Bitcoin fails to go on a meteoric ascent by June this year, Draper says that the timeline could be extended to the end of next year.
