Tuesday , June 6 2023

The top investor predicts a Bitcoin price of $ 250,000


Tim Draper (screenshot: Web Summit)

Tim Draper (screenshot: Web Summit)

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Tim Draper touches on his Bitcoin predictions of $ 250,000

Investor Tim Damper reiterates his prediction that the Bitcoin (BTC) price will reach $ 250,000 by 2022. At this week's panel discussion on a web-based summit conference, he said:

"We are talking about a five percent market share to reach $ 250,000. […] All we really need to do is buy coffee from Starbucks, and suddenly the world opens up, and then they say: I have this choice: […] Do I want to receive a currency that I can take from one country to another, or do I want a currency that is linked to a country or geographical area and which I can not use elsewhere?

As for fiat currencies, Draper said: "Why do we even trust the currencies imposed by one or another weird political party?"

According to Tim Draper, banks spend money "whenever they feel and for whatever reason they want it." A new "completely non-political", global and open currency would create bank transfers for ordinary people.

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Canadian Bitcoin-Miner Hut 8 reports losses in the third quarter

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Reports from 09.11.

Reports from 08.11.

Messages from 07.11.

Messages from 06.11.

More cryptic themes can be found here.

Additional information from the DWN Technical Report can be found here.

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