Well known American venture capital investor and World-famous investor Tim Draper explains what reasons will push Bitcoin price to $250,000 by 2023
Tim Draper has forecasted that Bitcoin could be of millions of dollars by 2023 as payment processors allow easier transactions.
While speaking to the audience in Q&A session at the Malta AI & Blockchain Summit last week, Tim said innovations such as the Lightning Network would be key factor for boosting Bitcoin to all new highs.
Tim Draper confirmed his previous forecast that he still believed Bitcoin would cost $ 250,000 in the near future by 2022 or 2023.
He said:
“I think Bitcoin payment processors are really going to open the floodgates and It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.”
Tim Draper is an American venture capital investor and his most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity,Twitter, Coinbase, Ancestry and many more. He is often regarded as one of the most successful venture capitalists in the world and one of the most powerful and influential people in Silicon Valley.