Investment capitalist Tim Draper guesses cryptocurrency is getting up further than 10-fold by the end of 2023. He isn’t the only crypto mogul shrieking in the dark.
During a conference with Forbes in January this year, the investment capitalist Tim Draper proposed an enterprising prediction: Bitcoin would whack a whopping $250,000 within a year. At the time, Bitcoin’s value was about $41,000.
“This is the year it’s gonna happen,” asserted Draper, who spent $18.7 million at a U.S. Marshals Service auction in 2014 for his store around 30,000 bitcoins (yes, that’s $623 per Bitcoin). “By the end of this year—or early next year.”
It’s enough to announce that Draper’s foretelling isn’t coming out. Bitcoin has missed more than half of its value since the start of the year, plunging from $47,000 on New Year’s day to around $20,000. He is one of four crypto moguls who are no longer billionaires thanks to the digital currency crash. But Draper can’t be defeated. Attained over email, Draper restated his price goal. “I am more convinced than ever that it is happening,” he announced. “By late 2022 or early 2023.”
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