Tim Draper: Still believes Bitcoin will reach $250,000 and then far exceed that price level

Bitget App

Trade smarter

Cointime2023/12/26 02:16

By:Cointime

Venture capitalist and billionaire Tim Draper recently stated in an interview that he still believes Bitcoin will reach $250,000 in the near future. He said that $250,000 may come soon and if it is achieved, it will far exceed this price level afterwards. Bitcoin could rise to $250,000 by 2024.

He also stated that he is a "loyal fan" of smart contracts and hopes to promote Bitcoin adoption with them. Regarding stablecoins, Draper believes they will become a bridge to connect to Bitcoin. The way stablecoins work is that as long as the US dollar is viable, they will be viable, and when the US dollar is under pressure, people will turn to Bitcoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

BC.GAME, a leading name in Web3 gaming, has unveiled a major brand overhaul, introducing a new logo, updated colour scheme, and the bold slogan “Stay Untamed.” The rebrand signals the company’s sharpened focus on crypto integration and its vision to build a global, community-driven Web3 entertainment ecosystem.

DeFi Planet•2025/05/13 17:00

BC.GAME Rebrands, Expands $BC Crypto Ecosystem

Ethereum Rally Stalls Near $2.58K as Holders Take Profits

Ethereum is priced at $2,438, marking a 3.5% decline in the last 24 hours after experiencing a 34% increase over the past week. According to data from Coinglass, open interest has fallen by 2%, suggesting a decrease in leveraged positions. This pullback comes after an impressive rally, during which ETH rose from $1,800 to over $2,500 in just a few days.

DeFi Planet•2025/05/13 17:00

Ethereum Rally Stalls Near $2.58K as Holders Take Profits

Truth Social Denies Memecoin Launch Amid Trump Token Controversy

Truth Social, the social media platform owned by Trump Media & Technology Group, has denied circulating rumours suggesting it is launching a memecoin. In an official post, the platform dismissed the speculation as false, reiterating that it had no involvement in any crypto token launch.

DeFi Planet•2025/05/13 17:00