Tim Draper: "The value of Bitcoin will reach $ 250,000 by 2023"

Tim Draper, the well-known billionaire for his thunderous predictions in the virtual currency industry and one of the top investors in the sector, made a recent bullish forecast on Bitcoin. According to him, "Cryptocurrency No. 1 will reach $ 250,000 by 2022 , perhaps in 2023".

Another bullish forecast

Draper spoke during the technical conference Web Summit in Lisbon on November 8th. This great crypto-optimist has doubled his predictions on the price of the BTC although he was at the heart of criticism because of his enthusiasm overflowing.

"I have very good feelings about what will happen next four, five, six, ten years because it's my job: it's about meeting with young entrepreneurs who make me discover the future. "

"Bitcoin will reach $ 250,000 per unit in 2022, maybe 2023. It's quite solid, although I do not know how we're going to get there. "

Digital currencies are increasingly mentioned at the Web Summit. This is the largest conference on cryptocurrency in Europe. It has more than 70,000 participants.

Peter Smith, the CEO of Blockchain, also announced at this event a future $ 125 million airdrop in Stellar Lumen . A partnership that aims to promote the use of cryptocurrencies.

Divest sovereignty to investors

Smith and Draper are both sure that entrusting financial sovereignty to cryptocurrency users is absolutely necessary for the development of the sector.

We should all create citcoins and build digital wallets according to Draper. This will contribute to the improvement of global finance.

In addition, the pair BTC / USD (currently about $ 6,406) is expected to trade at a higher level this year, they added.

Ali Emre KONAKÇI reportedly studied Tim Draper's prediction that bitcoin will reach $ 250,000 by 2023. The ad was posted on koinbulteni.com.

What do you think of Tim Draper's predictions? Reality or fiction? Give us your opinion in the comments section below