Skip to main content

Tim Draper Hopeful Of Bitcoin Touching The $250 Target by 2022

 


Tim Draper is a popular venture capitalist investor from America. Like many celebrities who have given their thumbs up in support for Bitcoin being a promising cryptocurrency, Tim also seems to join this brigade. He has much hope for the dominant crypto coin in reaching its target of $250 by the year 2022. 

 

The venture capitalist did the price prediction for Bitcoin earlier in 2018 during a university blockchain event. This was when he expressed his opinion on the crypto king Bitcoin in reaching its set target of $250,000 in the following year. He told this during an interview session with a business news channel. 

 

Popularity Among The Crypto Community

 

Tim Draper is well-known among the cryptocurrency community. He has been the founder of companies that deal in digital industries. He has also paved the foundations of organizations in his name including Draper Venture Network and Draper Goren Holm. Being engaged with the crypto world, Tim is also known for buying BTCs seven years ago in July.

 

Merchants Would Soon Become Support To Bitcoin

 

By following cryptocurrency latest news today, you will come to know that Tim is also confident that merchants would soon be rushing towards Bitcoin in another few years. According to the venture capitalist, within half a year, Bitcoin would soon be accepted by maximum retailers. Tim is confident in the continuous rise of the crypto king despite the limited supply of 21 million. 

 

Cryptoknowmics

Comments

Post a Comment

Popular posts from this blog

Is celebrity support an added advantage to cryptocurrency growth?

  Celebrities are prominent figures in society. We admire them for their looks and get influenced by whatever brand they endorse. So can we say that their support for cryptocurrency is an added advantage? Well, up to an extent yes. Since they are public figures and rule the hearts of their fans, this indeed can be an added advantage in the growth of cryptocurrency.  But it is not completely true. The cryptocurrency rose to fame because of the unique features and advantages they provide to their users. First of all, they allow users to have the ownership of tier money which is not in the case of government-issued currencies. If you look at the whitepaper of Bitcoin framed by its founder Satoshi Nakamoto, then you will find that it restricts the interference of third parties and central authorities like banks and the government.  Cryptocurrency is now considered an investment asset by most crypto enthusiasts. Many people have become richer by it. Akshay Haldipur from India ...
Post a Comment
Read more

Bitcoin Mining Pools See Huge Shuffle in Prior To Bitcoin Halving

Chinese Bitcoin mining giants, Poolin and f2pool have witnessed substantial growth in their daily BTC block reward in January 2020. The dominating mining pool, BTC.com has dropped in the reward earning. This is how the tables are turning, prior to the highly-anticipated third halving. In the last couple o f weeks, Bitcoin has gone through some wholesale changes in its mainstay metrics. Take into consideration the example of the Bitcoin hash rate, which recorded its new all-time high just recently , has now entered a declining phase. The dominance, which usually hovers around 70 %, has now fallen close to the 60% mark. A pivotal part would be played by these elements on the price prior to the Bitcoin halving. F2pool is recording the highest BTC block reward earnings when it comes to the known mining pools . Elias Simos, a senior research analyst at Decentral Park, tweeted : Elias Simos @eliasimos A lot of reshuffling in the $ BTC mining game sin...
Post a Comment
Read more

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

A Canadian Investment f irm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund. T he firm announced that it had filed a preliminary prospectus for a close-end Bitcoin fund; that it anticipates to unveil through the Toronto Stock Exchange later in the year . Fred Pye, the Chief Executive of the firm wrote :  : “We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fin-tech space, will join the syndicate group.” The Canadian investment funds manager revealed that they filed the Bitcoin fund prospectus regards to an Initial Public offering of both Class A and Class F units each at $10. Pye, a former senior vice president of Fidelity Investments -Canada; highlighted that retail investors have been s...
Post a Comment
Read more