Tim Draper Now Says 'Have To Wait A Little Longer' For Bitcoin To Hit $250K: 'Engineers Are Hard At Work'
Portfolio Pulse from Mehab Qureshi
Billionaire and Bitcoin advocate, Tim Draper, has revised his prediction for Bitcoin (BTC) to surpass the $250,000 mark by 2025, extending his previous forecast of 2023. Draper has a reputation for making accurate early predictions regarding cryptocurrency, including a 2014 prediction that Bitcoin would reach $10,000 within three years, which came true in November 2017.
July 03, 2023 | 10:19 am
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NEUTRAL IMPACT
Tim Draper's revised prediction for Bitcoin to surpass $250,000 by 2025 could potentially influence investor sentiment and market behavior, possibly leading to increased volatility in the short term.
Tim Draper's predictions have historically been accurate and have the potential to influence investor sentiment. While his revised prediction extends the timeline for Bitcoin to reach $250,000, it still represents a significant increase from current levels. This could lead to increased investor interest and potentially higher volatility in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100