Billionaire Tim Draper’s Latest Bitcoin Prediction: Incoming 1,370% BTC Surge

The optimistic prediciotns about Bitcoin’s price continue to pour into the crypto space. Check out the latest one involving Bitcoin below.

Venture capitalist Tim Draper is doubling down on a prediction that Bitcoin (BTC) goes on a parabolic rally to $250,000. This might happen sooner than just about everyone thinks.

In a new interview with CNBC, the billionaire says he’s adding six months to his previous bull run prediction that put BTC at six figures by the end of 2022.

“I have extended my prediction by six months. $250,000 is still my number.”

As the online publication the Daily Hodl notes, Draper says there are several reasons why Bitcoin could go on the potential bull run of about 1,370% from its current price. At the time of writing, Bitcoin is trading at $17,030.

He also made sure to highlight the fact that most women are currently an untapped demographic for crypto, and could help drive the price of BTC up when they get more involved.

“My assumption is that, since women control 80% of retail spending and only one in seven Bitcoin wallets are currently held by women, the dam is about to break.”

He also addressed the fact that retailers could hop into the crypto space soon. Another factor that could drive that mass crypto adoption is Bitcoin being used for everyday payments and the upcoming halving in 2024.

A popular crypto strategist talks about a Bitcoin (BTC) surge just as the US dollar index (DXY) is showing signs that its parabolic rally this year could be coming to an end.

In a new strategy session, Jason Pizzino said that the US dollar index wouldn’t stop crashing as it threatens to break a key support area on the high timeframe chart.

Check out the article that we shared earlier in order to learn more details about this.