Bitcoin to Hit $70K? Billionaire Tim Draper Sees $250K Ahead

If you know anything about the VC world, you know Tim Draper, the legendary billionaire venture capitalist with a deep interest in Bitcoin. Even when BTC was trading for around $6,000 during the extended bear market of 2018, Bitcoin Bull Tim Draper had predicted that the flagship cryptocurrency would surge to $250,000 soon. While nobody can time the market and Tim Draper has never always been right about everything, there is probably a very good chance the BTC will reach $250,000 before we know it.

Bitcoin to a Quarter Million Dollars?

Now, these BTC price predictions from Tim Draper and other rich folks are not based on some hype or excessive speculation. Sure, they might seem overly bullish and even over-zealous, but did you know that Bitcoin is the hardest money ever created? How? Well, there is a fixed supply of only 21 million bitcoins that will ever exist. Given this finite supply, there is only just so much of the crypto to go around. Not only that, but around 5 million BTC have become permanently inaccessible due to people losing their private keys (not to mention people accidentally their BTC to a Bitcoin Cash or BCH address!).

You may or may not agree with Tim Draper about the Bitcoin price, but did you know that he is very optimistic and has a very positive attitude towards many things. For instance, Tim Draper has shown his support for both US presidential candidates including Kamala Harris and Donald Trump. Not only that, but Draper wears some really funky ties and socks too I think. He never tries to come off as a prude or someone who is too uptight. That’s really good because you need to be humble and approachable in the business world!

Billionaires are Bullish About Bitcoin, So Why Aren’t You?

But getting back to that Bitcoin price, if you are really curious about BTC’s real value proposition then you should definitely listen to Michael Saylor talk about it. He has some of the most intelligent explanations as to why BTC is worth your time, money, and effort. Just like Tim Draper, Michael Saylor is also a billionaire. In fact, he has a few more billions I think. Besides the bullish narratives from these billionaires, did you know that the entire country of El Salvador made Bitcoin legal tender several years back? Yes, an entire nation has pretty much expressed generally positive views about the pseudonymous cryptocurrency.

So what are you waiting for now? I am not going to tell you to go buy Bitcoin or make very bullish claims about anything at all. I am just here to share some interesting facts and my best knowledge which I have acquired after many years of hard work and research. Either way, you can be sure that Tim Draper and Michael Saylor know what they are talking about. They have shown over many decades that they have a strong interest in tech and a great aptitude for learning more about the latest innovations.