Bitcoin

Million

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent&nbsp;<a href="https://twitter.com/TimDraper/status/1781381150981984537" rel="noopener noreferrer nofollow">interview</a>, prominent venture capitalist Tim Draper predicted that the price of Bitcoin could potentially surge to $10 million.&nbsp;
"Now, $250,000 or a million, or $2 million, or even $10 million are the numbers that are probably going to happen for a couple of reasons…When you can buy your food, clothing, shelter, and pay your taxes all in Bitcoin, that's a done deal. You won't want to use any other currency," Draper explains.&nbsp;
The billionaire, who is known for his early bets on companies like Skype, predicts the devaluation of the U.S. against Bitcoin.&nbsp;
Speaking of the upcoming halving event, which is going to take place in just hours from now, Draper predicts that the price of the largest cryptocurrency is going to surge again.&nbsp;
It is worth noting that this halving cycle is different due to the fact that the price of Bitcoin reached a new lifetime high ahead of the block reward reduction thanks to the success of spot ETFs. Draper described the ETFs as an "accelerant" that he was not predicting.&nbsp;&nbsp;&nbsp;
Draper, an early Bitcoin investor, once correctly predicted that the price of the largest cryptocurrency would be able to top $10,000 in 2017.&nbsp;
As&nbsp;<a href="https://u.today/heres-when-bitcoin-might-hit-250000-according-to-tim-draper" rel="noopener noreferrer nofollow">reported by U.Today</a>, Draper has also repeatedly forecasted that Bitcoin would reach $250,000 in 2022. However, this prediction turned out to be inaccurate. "I think my hubris got the better of me," Draper said. The billionaire explains that his prediction did not materialize since regulators got heavy-handed. Draper also expected Bitcoin payments to become "prevalent" in 2022, but this was not the case. "Those are the two things that slowed down the progress," he added.&nbsp;

Billionaire Tim Draper Predicts Bitcoin (BTC) Price Might Reach $10 Million

U_Today

Other articles published on Apr 19, 2024

AI at the Crossroads of Conflict and Peace: Urgent Need for Dynamic International Regulation

Bitcoin Halving: Anticipating Price Impact, Miner Challenges, And Long-Term Outlook

Bitcoin Faces Potential Decline to $58K Following Imminent Halving Event

XRP Experiences an Uptick in Trading Volume; AI Crypto’s Hype Explodes

Ethereum Price Dynamics and Whale Accumulation Insights

Cryptocurrency Filecoin's Price Increased More Than 4% Within 24 hours

Join our free newsletter for daily crypto updates!