Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim DrapersteemCreated with Sketch.

in #dlike5 years ago

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With each new run in Bitcoin, the forecasts for all kinds of crazy levels emerge almost on cue.

Tim Draper is no exception although he remained fairly consistent no matter what the present price of Bitcoin is.

He has a target of $250,000 by 2022, which he now hedges a bit to Q1 2023. The reason for this is the present level of consolidation is greater than he originally thought.

We cannot fault the guy for being a few months off if he does prove correct. His optimistic outlook for Bitcoin has not wavered in years.

His forecast is also a lot more tempered than John McAfee who predicted $1 million by the end of 2020.

Draper has a bit more wiggle room than McAfee who promised to cut off his penis if he was wrong.


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