- American venture capital investor, Tim Draper says Bitcoin price will reach $250,000.
- He says this price will likely come to fruition around the end of 2022 or start of 2023.
- Draper says a massive bull run will come as more people adopt BTC, especially women.
American venture capital investor — Tim Draper predicts that Bitcoin (BTC) will reach $250,000 by the end of 2022 or by early 2023. This is according to a tweet from Watcher.Guru.
In detail, Draper believes that as store owners continue to accept BTC as payment, more and more people will begin to adopt crypto. In fact, he says women will likely be the major driving force for Bitcoin adoption.
To highlight, he says that this push will be what will lead to a massive bull run for the digital asset. As a Bitcoin (BTC) investor, his faith in the Bitcoin price going up is no surprise. After all, many Bitcoin believers are still holding their BTC to realize long-term gains.
However, based on the replies to the tweet, many say he is just another businessman who is pushing to drive up the price before selling-out. Many critics believe that companies who brought crypto when it was high are now regretting their decision and are trying to make most of their savings.
In contrast, other Bitcoin believers are still highly bullish on Bitcoin. Many are highlighting the Bitcoin chart showing a likely massive green signal and quite possibly, an epic bull run.
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Specifically, popular crypto trader and investor — Lark Davis, says Bitcoin is showing a nice daily candle via Twitter. In particular, he believes this could be the relief rally to $38,000 that the community has been waiting for.
This is good news indeed, especially considering the fact that Bitcoin was showing red candles for 9 consecutive weeks. In 2021, analysts were certain the price of Bitcoin would surpass, if not reach, $100,000. We will have to wait and see if Bitcoin will realise the current prediction of $250,000 by 2023.
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