Tim Draper Reaffirms Prediction: Bitcoin to Hit $250.000 by 2025
- Tim Draper Predicts Bitcoin to Hit $250.000 by 2025
- Halving and ETFs could triple the value of Bitcoin
- Bitcoin is seen as a hedge against fiat devaluation
Venture capitalist Tim Draper, known for his predictions bold Regarding Bitcoin, Draper maintains an optimistic outlook for the cryptocurrency in the coming years. In 2014, when Bitcoin was trading at $180, Draper predicted that it would reach $10.000 by the end of 2017, which came to fruition in November of that year. He later estimated that Bitcoin would reach $250.000 by the end of 2022; although that target was not achieved, the cryptocurrency recorded an all-time high of approximately $69.000 in November 2021.
In a recent interview, Draper adjusted his forecast, projecting that Bitcoin will reach $120.000 by the end of 2024 and $250.000 by 2025. He attributes this growth to Bitcoin’s technological superiority over traditional financial systems, highlighting its transparency, global reach, and accurate recordkeeping. Draper believes that as governments and retailers recognize the savings that Bitcoin provides on each transaction, its adoption will become more widespread. He also mentioned the possibility of the United States government establishing a Bitcoin reserve, which could further boost the cryptocurrency’s price.
At the time of publication of this article, Bitcoin was trading at US$95.399,53, down 0.7% in the last 24 hours.
Furthermore, Draper emphasizes that Bitcoin’s limited supply and its growing adoption as a payment option for goods and services increase its appeal, especially in a scenario where fiat currencies face inflation and loss of purchasing power. He sees Bitcoin as a hedge against the devaluation of traditional currencies and believes that events such as the halving and the approval of Bitcoin ETFs will boost demand, potentially tripling the value of the cryptocurrency by 2024.
Other experts are also sharing bullish predictions for Bitcoin. Ark Invest, for example, projects that the price of Bitcoin could reach $1 million by 2030, while Matrixport estimates that the cryptocurrency will reach $125.000 by the end of 2024. These predictions reflect the expectation that factors such as the halving and the approval of spot Bitcoin ETFs will contribute to the asset’s appreciation in the coming years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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