Renowned venture capitalist Tim Draper believes that his forecast of Bitcoin’s rise to $ 250,000 within three years is not in danger, despite the not very promising market movements in recent years. He is confident that the efforts of developers and entrepreneurs in the cryptocurrency space will not be in vain and will help bitcoin rise to the coveted mark in 2023..
“I didn’t realize before that so many cryptocurrencies would be abandoned in some way, and all activity would be centered around bitcoin,” said Draper, who early invested in companies such as Skype, Tesla and Twitter. “Therefore, I think that the forecast of $ 250,000 may be a slight underestimation. This level can be reached closer to the beginning of 2023. In any case, all systems will be prepared for real bitcoin “.
According to the investor, the leading cryptocurrency makes a “quantum leap in price” after each halvening. He places corresponding expectations on the next reduction in awards, which will occur in May. 2020 year.
“There is some lagging behind. Halvening comes, and for a while nothing happens to the price. Then people realize how much it costs to get bitcoin, mining becomes harder, more money is needed to continue this activity. If you calculate the halvening, you will come to approximately the same result as mine. It is interesting to see how these two factors fit together. My prediction is based on creating enough infrastructure for Bitcoin to take 5% of the world’s currencies. Halvening, if you count, gives the same price at the same time. “.
Draper also appealed to the US authorities to release Ross Ulbricht, who is serving two life sentences plus 40 years without the possibility of parole for organizing the Silk Road dark platform..
Free Ross, guys. Let it out. We need such entrepreneurs. Get him out of jail. Why do we put such outstanding people in prison? We need talents, their energy, their vitality. Who knows what else he might think of? “