Even though billionaire venture capitalist TimDraper was clearly wrong when he predicted bitcoin ($BTC) would reach $250,000 in June 2023, he said he still believes that it will happen eventually, maybe in 2025. HeleneBraunn reports
, have been driving entrepreneurs out of the United States, which in turn has hurt the price of bitcoin.Read more:"It's a great system, it's great currency, it's a great way to operate," he said."I can't wait until I can raise a fund all in bitcoin, invest it all in bitcoin, have my portfolio companies all pay their employees and suppliers all in bitcoin and have taxes all paid in bitcoin, and have the waterfall all fall into people's bitcoin wallets.
Draper was one of the early advocates of crypto. He realized the significance of bitcoin in 2013 following the notorious collapse of the Mt. Gox crypto exchange, he said in anSince then, he’s been a big investor in the cryptocurrency and projects related to it, leadingIn 2018, Draper first made the bold prediction that bitcoin would hit $250,000 in June 2023 and he stuck with that prognostication even through the recent bear market, up until now.
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