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Tuesday

27 July 2021

Billionaire Tim Draper Is Unfazed By Market Downtrend, Doubles Down On $250,000 Bitcoin Price Target

Billionaire Tim Draper Is Unfazed By Market Downtrend, Doubles Down On $250,000 Bitcoin Price Target


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In this vein, Tim Draper, who has always been a strong bitcoin advocate has been one of those giving the digital asset a high price target.

This was mostly due to the fact that at the time that Draper made the predictions, the price of bitcoin was still at a mere $8,000.

In fact, Draper had reiterated the price prediction in 2021, explaining that his faith and forecast are predicated on the fact that the digital asset will never have more than 21 million coins in circulation.

According to the billionaire, his price prediction continues to be that he believes that the digital asset price will hit $250,000 by 2022.

Now, for the second time this year, Tim Draper is back to remind everyone that he still stands by this prediction.

Draper still believes that bitcoin is set to hit $250,000 by end of 2022 or early 2023.

Draper is not the only one that believes bitcoin can help fight inflation.

Although despite the negative news that had set back the price of the digital asset, Pollard remained positive.

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