Tim Draper Stands by $250,000 Bitcoin Price Prediction 💰

EXPERT OF THE DAY 💰

This Billionaire believes Bitcoin is going to $250,000 by 2025.

Let’s take a dive into why.

If you haven’t heard of him before, Tim Draper is:

• A Venture capitalist who made early investments in, Skype, Hotmail, Tesla & SpaceX 🚀 

• Worth ~$1.2 Billion dollars 💰

• Purchased 30,000 Bitcoin in 2014 from the U.S Gov that were seized from the Silk Road 🚓

• Loves Bitcoin themed ties 👔

It’s important to note that Draper first predicted Bitcoin to hit $250,000 by June 30, 2023.

Which obviously didn’t happen.

But… he did make this prediction when Bitcoin was only $4,000.

So Bitcoin did a 7x, rather than a 60x. Impressive, but no cigar.

Why didn’t Bitcoin hit his $250,000 target? 🤷 

Draper says he didn’t expect the U.S bureaucracy to be this aggressive. He believes the SEC has completely dropped the ball on crypto innovation and is driving great entrepreneurs out of the U.S.

But now things have changed. With the SEC losing lawsuits left & right, the path forward for Bitcoin has cleared.

Combine the 2024 halving and the inevitable spot Bitcoin ETF, Draper has moved his prediction out 24 months to 2025.

Will he be right this time? 🔮 

Let's wait and see.

Nutty’s takeaway: Even if Drapers prediction is wrong again and Bitcoin only pulls a 7x… that’s a $210,000 Bitcoin. Not too shabby.

The more important takeaway here is the amount of sophisticated investors that are serious about Bitcoin. Billionaires like Michael Saylor, Tim Draper and even Elon Musk to an extent support & hold Bitcoin.

This was unheard of only a few years ago.

We have a lot further to go, but we’ve come a long way. 👏 

CRACKING CRYPTO 🥜