Important Billionaire Revisits His $250k Bitcoin Prediciton

An important billionaire brings up his prediciton that Bitcoin will reach $250,000. Check out what he has to say these days about the price of the king coin.

At the moment of writing this article, BTC is trading in the red and the coin is priced just below $29k.

Accoridng to the latest reports coming from the Daily Hodl, venture capital investor Tim Draper is reasserting his prediction that the price of Bitcoin (BTC) will see some pretty bullish moves soon.

During a new interview, he said that “by the end of this year or early next year,” Bitcoin will hit a price of $250,000.

It’s also important to mention the fact that he made early bets on Coinbase, Hotmail, Skype, Tesla, and Twitter. Now, he says that the catalyst will be women increasingly using Bitcoin to shop.

“One thing that will possibly likely happen, and I don’t know exactly when, is that the women will start using Bitcoin. It was one in 14 Bitcoin holders that were women. And now it’s something like one in six. And I think it will eventually be even.”

He continued and said the following:

“And the way it’s going to be even is women control about 80% of retail spending. And retailers haven’t yet realized that they can save 2%. And they usually run on very thin margins so that might like double their profits. They can save 2% just by accepting Bitcoin instead of taking a bank-issued credit card.”

He concluded by saying that “you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate.”

The mass adoption of the king coin is going great these days despite the market volatility.

He also predicted that the non-fungible token (NFT) and decentralized finance (DeFi) sectors are about to get adopted at the enterprise and institutional levels.