Despite Crypto Winter, Tim Brader Still Believes in Bitcoin At $250k: What Are Your Thoughts?
Despite being a BTC optimist, Tim Draper’s viewpoint on the subject matter took me by surprise. Here’s BTC struggling below the $20k mark, and there’s the American billionaire, Tim Draper stating yet again that Bitcoin will thrive massively again, and potentially reach the $250K mark. Obviously, the current crypto winter and FTX crash have got absolutely nothing on Mr. Tim’s line of thought.
Sometime in the middle of last year, The millionaire did forecast that BTC will reach the $250k level by the end of 2022. Oh well, it’s 2022 already, and I do know that only magic can transform BTC from less than $20k to well over the $200k mark before the year runs out.
Well, before you start to scoff at Tim’s projection, you must know that his $250,000 mark talks began in 2020.
Let’s Show More Women How It's Done
According to Tim Draper, more women should participate in the Bitcoin industry. He continued by saying that bitcoin would see significant development and acceptance if more people began to utilize it for their regular shopping needs (including needs for food and clothing).
He added that women’s interest in cryptocurrency has also improved. In the past, women controlled 7.14% of Bitcoin wallets, but today, the number has more than doubled to 16.6%.
“When women realize they can get a discount by paying in bitcoin or retailers realize they can double their income by accepting bitcoin, it’s going to move pretty quickly,” he said.
Source
Considering the fact that bitcoin was trading for almost $70,000 last year, you have to admit the present price is heartbreaking and nerve-wracking, especially to those who have money invested.
Aside from the forecasts, the billionaire venture capitalist noted that he would explore other aspects of the crypto asset if given a chance. Draper said he would try out a Bitcoin-based universal basic income (UBI) or tax system.
Source
What are your thoughts?
Do you agree with Mr. Tim?
Posted Using LeoFinance Beta
To agree with him would be fun though 😂
Do you doubt him?
I did read an article or post, can't remember 😅 about a mall where shopping could be paid for in crypto. That would raise popularity and awareness.
1 Tin of Cerelac = 5 Hive
Seems I'm fasting this bear season 😵😂
https://twitter.com/1487259155589173249/status/1595423194344992770
The rewards earned on this comment will go directly to the people( @omosefe ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.