Billionaire Tim Draper Predicts Bitcoin Price

Renowned Billionaire Tim Draper told Bloomberg that Bitcoin's price could reach $250,000.

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Furthermore, he added that it can even surpass these super bullish price targets.

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In the video interview, he explains that it will take time to buy food, clothing & shelter all in Bitcoin. Women control 80% of retail spending.

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He said, “When women realize that they can get a discount by paying in Bitcoin and when retailers realize that they can double their profits by accepting Bitcoin, it’s gotta move pretty quickly.”

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When asked about FTX crash, he said it was predictable because the platform was "very centralized".

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On the contrary, he specified that BTC is good as it is decentralized.

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At the press time, BTC is $16,730.90 and with a live market cap of over $321 billon USD.

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