2024

Bitcoin ETF

Bitcoin

Epic

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Legendary investor and Bitcoin fan Tim Draper has shocked crypto X with&nbsp;<a href="https://twitter.com/TimDraper/status/1773955150710968380" rel="noopener noreferrer nofollow">revelations</a> of his historic bet on the premier digital currency.</p>
<h2 id="tim-draper-s-10x-yield-on-dollar">Tim Draper’s 10x yield on dollar</h2>
<p dir="ltr">In his revelation, Tim Draper said he invested 300 Bitcoin in a crypto startup, bagging a 4% stake in the unnamed company. He said the investment earned him 15 BTC in 10 years. While this figure appeared small as many on crypto X believed, Tim Draper highlighted how the earned returns marked a 15x return on his money when measured in dollar terms.</p>
<p dir="ltr">Many investors have different theories about investing their Bitcoin for equity. While Bitcoin has increased in value considerably over the 10 years, the actual spending power of the U.S. dollar has declined, making the investment worth it overall.</p>
<blockquote>
 <p lang="en" dir="ltr">See if you can figure this one out. I invested 300BTC for 4% of a startup. they returned me 15 BTC 10 years later. In dollars, it was a 15X on my money. <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> <a href="https://twitter.com/hashtag/dobusinessinbitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#dobusinessinbitcoin</a> <a href="https://twitter.com/hashtag/Freedom?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Freedom</a> <a href="https://twitter.com/hashtag/trust?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#trust</a></p>— Tim Draper (@TimDraper) <a href="https://twitter.com/TimDraper/status/1773955150710968380?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 30, 2024</a>
</blockquote>
<p dir="ltr">The revelation from Tim Draper has solidified another expert’s thesis on why Bitcoin is a better hedge against inflation. In Draper’s position, eventually, there is bound to be <a href="https://u.today/billionaire-tim-draper-predicts-total-bitcoinization" rel="noopener noreferrer nofollow">total Bitcoinization</a> of the world. Draper’s optimism for Bitcoin’s luster is best showcased in his price projections overall.</p>
<p dir="ltr">He believes Bitcoin has the&nbsp;<a href="https://u.today/tim-draper-continues-to-stand-by-his-250000-bitcoin-price-prediction" rel="noopener noreferrer nofollow">potential to soar to $250,000 by 2025</a>, a prediction that is looking more likely by the day.</p>
<h2 id="bitcoin-and-multiple-growth-catalysts">Bitcoin and multiple growth catalysts</h2>
<p dir="ltr">In the Bitcoin ecosystem, there is a deep confidence that the digital currency will jump to unprecedented highs shortly. The spot Bitcoin exchange-traded fund (ETF) product in the United States and the forthcoming BTC halving event are fueling investor optimism to go long on the digital currency.</p>
<p dir="ltr">While the&nbsp;<a href="https://u.today/bitcoin-spot-etfs-near-60-billion-in-net-assets-amid-heavy-trading" rel="noopener noreferrer nofollow">spot Bitcoin ETF</a> products create the demand, the halving event will trigger a supply crunch, carving out a complimentary synergy that can help the valuation explode ultimately.</p>
<p dir="ltr">In line with the bullish fundamentals, other known Bitcoin bulls have even projected up to a $1 million target for the coin. Samson Mow is a major advocate of this price target.</p>

Tim Draper Teases 10-Year Return on His Epic Bitcoin (BTC) Bet

Table of Contents

U_Today

Other articles published on Mar 30, 2024

Dogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tight

Ripple and Toncoin Price Analysis, KangaMoon Excites Early Buyers As It Hits New ATH

Ethereum (ETH) And Binance Coin (BNB) Enthusiasts Look to Raffle Coin (RAFF) for Potential Market...

Analyst Gives 3 Reasons Why Everyone Is Obsessed with Polygon’s (MATIC) New Rival

Crypto Investment Insights: BlockDAG Presale Nears $11M Mark Amid Mantle Token Listing and Positi...

Turn Pennies to Fortunes: Top Altcoins Under $1 Ready to Moon

Join our free newsletter for daily crypto updates!