As Bitcoin continues its volatile swings, many investors are asking: How high will Bitcoin go? Will we see a peak by 2025? Is the direction of Bitcoin’s price clear?
While there are various opinions, American billionaire investor and Bitcoin supporter Tim Draper recently shared his thoughts on a podcast, revealing his Bitcoin price prediction and the altcoins he’s invested in.
Why Bitcoin Hasn’t Reached $250,000: Tim Draper Blames the SEC
Tim Draper remains firm on his 2018 prediction that Bitcoin will reach $250,000. However, he attributes the delay to the fear, uncertainty, and doubt (FUD) spread by regulatory bodies like the SEC.
“I predicted it would hit $250,000 within four years, back in 2018. And it didn’t happen. One of the big reasons was the fear and doubt spread by the SEC. It slowed down growth, slowed down innovation, and slowed down technological progress.”
Draper also emphasized that once the U.S. government recognizes the potential of Bitcoin and other cryptocurrencies, the path to $250,000 will accelerate.
Draper’s Altcoin Investments
In addition to Bitcoin, Draper disclosed the altcoins he has invested in. He mentioned holding Arkham (ARKM), Tezos (XTZ), Bancor (BNT), and Handshake (HNS).
Draper praised Arkham for its focus on blockchain analytics, particularly the team’s ability to link real names to Bitcoin wallets. He also expressed admiration for Tezos due to its focus on governance and formal verification. As for Bancor, Draper sees it as a vital player in the DeFi ecosystem, providing liquidity and improving market efficiency across various tokens.
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