Tim Draper, an American venture capital investor, and founder of Draper Fisher Jurvetson, said in an interview with CNBC that he still believes that bitcoin (EXANTE: Bitcoin) can reach up to $250,000 by the end of 2022 or early 2023. Draper, who has long been known as one of the main bitcoin bulls, believes that he is going to be "right on this one."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
"Give it about a year and a half and retailers will all be on Opennode [a bitcoin payment processor], so everybody will accept bitcoin," Draper added.
However, the billionaire does not rule out that bitcoin can go even further, as the cryptocurrency's max supply is limited. As of press time, 18.7 million bitcoins out of 21 million are already in circulation. Draper first revealed his bitcoin forecast back in April 2018 to a crowd of tech enthusiasts outside Draper University. He also said that the blockchain technology will eventually disrupt and transform finance, healthcare, and many other industries.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.