According to Tim Draper’s prediction, when the price of Bitcoin was $4,000, he predicted that BTC would climb to $250,000 within four years. $250,000. However, even though Bitcoin hit an all-time high in the 2021 bull run, reaching $69,000, it is still far away from his target price. At the current price of $43,500, Bitcoin would need to rise nearly 600% in a year to reach the $250,000 price target.
Draper explained that when he predicted the price of Bitcoin, he did not expect that the United States would be so fearful of cryptocurrencies and have such outdated ideas. However, as Bitcoin gradually gains mainstream acceptance, he remains convinced that Bitcoin will reach $250,000 in the near future. He thinks it's just a delay, a delay brought about by fear and the old government.
"I would like to say that my prediction of $250,000 may come true soon, so I will continue to stick to my view. In fact, I think that once Bitcoin reaches $250,000, the subsequent price may be much higher than this Numbers. We are currently in a boom cycle, so anything can happen. I predict that in 2024 we may see Bitcoin reach $250,000."
In the interview, Draper once again compared Bitcoin to Microsoft, noting that Bitcoin developers will continue to develop new features just like Microsoft created Word and Excel. He predicts that the Bitcoin network will undergo massive technological consolidation.
“Most of the projects I’ve been investing in are moving important applications to Bitcoin, which I think is a very interesting trend. I believe Bitcoin will grow like Microsoft, which is a Platforms, they allow people to do all kinds of activities and then filter out the things that really matter. I see the same thing happening with Bitcoin, which is becoming more and more important as a platform. Ethereum, Solana and Tezos There have been many experiments on other platforms, but now people are starting to realize the importance of NFTs, so they decided to create Ordinals on Bitcoin. In addition, DeFi and smart contracts are also important areas, so I moved them to Bitcoin. I think Bitcoin is gradually becoming a comprehensive platform."
Draper expressed his love for smart contracts and looks forward to using Bitcoin to raise investor funds in the future. He plans to invest all of these funds in Bitcoin and use Bitcoin to pay employees, suppliers, taxes, etc., thereby enabling accounting and auditing without the involvement of accountants, auditors, bookkeepers, transfer agents or tax lawyers. process, thereby reducing friction in the new economy.
Draper expressed optimism about the application potential of Bitcoin smart contracts, and praised Stacks as Bitcoin’s The smart contract layer is what he considers to be the most amazing cryptocurrency project this year.
Draper, the legendary investor, highly praised Stack (STX), which caused the price of Stack to surge by more than 27.5% in the past 7 days. As of now, the price of Stack is $1.59, up more than 10% in the past 24 hours. Since the beginning of this year, Stack’s growth has been as high as 583.7%.
The above is the detailed content of Tim Draper calls again: Bitcoin will be worth $250,000 by 2024! He Praises Bitcoin’s Second Layer Solution Stacks. For more information, please follow other related articles on the PHP Chinese website!