Venture capitalist Tim Draper is well known for his Bitcoin (CRYPTO: BTC) price predictions over the years. In a new interview, Draper is sticking with a price target of $250,000 for the leading cryptocurrency.
What Happened: Draper is best known for his 2014 prediction that Bitcoin would reach a price of $10,000 within three years, a feat it later accomplished in the three-year time period.
In recent years, Draper has landed on a $250,000 price prediction for Bitcoin, which the leading cryptocurrency has not yet hit with the current all-time high sitting at around $109,000 in January.
“$250,000 by the end of this year,” Draper confirmed as his prediction during a recent appearance on “The Raz Report” podcast with Benzinga founder Jason Raznick.
While this is Draper’s price target, he said that people should really change how …
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