Tim Draper, a prominent venture capitalist and cryptocurrency enthusiast, predicted that Bitcoin, the largest cryptocurrency, would be able to reach $250,000 by January during a recent appearance at Web Summit, an annual technology conference held in Portugal.
Draper remains optimistic that women will be able to push the crypto king to that level. According to U.Today, the venture capitalist, who was an early backer of companies like Hotmail and Skype, predicted that female Bitcoiners would significantly increase the largest cryptocurrency’s user base. According to New York Life Investment Management research, women control 51% of the wealth in the United States.
Draper purchased 30,000 Bitcoins, which were seized by the US government. Back in 2014, marshals from the now-defunct Silk Road darknet marketplace. He correctly predicted three years ago that the price of the world’s largest cryptocurrency would surpass $10,000. In late 2017, Bitcoin approached $20,000 for the first time.
For years, Draper has predicted that Bitcoin will reach $250,000 by 2023. To achieve that goal, the top cryptocurrency would have to increase by 1,090%. Even within the next six months, it is extremely unlikely that the top cryptocurrency will be able to reach the aforementioned price level.