Tim Draper: Bitcoin will be worth $ 250,000 by early 2023

Billionaire Tim Draper has previously stated on several occasions that Bitcoin is focused on growth in the long term.

For example, last summer the financierconfirmed his position and added that the authorities of Western countries themselves provoke the strengthening of BTC. The United States and European countries, even during the pandemic, began to turn on the printing press and flood the market with money.

In this way, the Western world is tryingstimulate business activity. However, such a monetary policy will inevitably provoke inflation, so investors will massively switch to alternative instruments and to bitcoin, in particular.

On air on CNBC earlier this weekthe billionaire again predicted the growth in the value of the cryptocurrency. Draper said that by the end of next year or by the beginning of 2023, the BTC rate will reach $ 250,000.

The billionaire is known for the fact that back in 2018, amid the collapse of the crypto market, he announced that Bitcoin would resume its expansion and show us a new maximum.

Draper emphasized:

«Give it about a year and a half, and all retailers will switch to Bitcoin».

So far, only large corporations directly or indirectly work with cryptocurrency. However, the adoption of BTC is accelerating, respectively, the demand for such a tool will increase.

One of the leading factors inspiring optimisminvestors, the limited emission of digital currency is advocated. Miners will issue a total of 21 million coins, demand will peak as the date of the last bitcoin mining approaches, Draper summed up.

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