Bitcoin Could Hit $250,000 by the End of 2025, According to This Billionaire Silicon Valley Investor
Amid the broader crypto market correction, you might be surprised to find out that a number of high-profile investors continue to double (and even triple) down on their optimistic price predictions for Bitcoin (CRYPTO: BTC). Billionaire Silicon Valley venture capitalist (VC) Tim Draper, for example, still thinks Bitcoin could hit $250,000 by the end of 2025.But just how likely is that? After all, Bitcoin is now down more than 20% from an all-time high of about $109,000 in January, and it has struggled to regain the $100,000 price point since then.The first thing you should know is that Draper has been making Bitcoin price predictions for the past decade. In 2014, for example, he famously predicted that Bitcoin would hit a $10,000 price tag within three years -- which it did. Bitcoin crossed $10,000 in November 2017.Continue reading
Amid the broader crypto market correction, you might be surprised to find out that a number of high-profile investors continue to double (and even triple) down on their optimistic price predictions for Bitcoin (CRYPTO: BTC). Billionaire Silicon Valley venture capitalist (VC) Tim Draper, for example, still thinks Bitcoin could hit $250,000 by the end of 2025.
But just how likely is that? After all, Bitcoin is now down more than 20% from an all-time high of about $109,000 in January, and it has struggled to regain the $100,000 price point since then.
The first thing you should know is that Draper has been making Bitcoin price predictions for the past decade. In 2014, for example, he famously predicted that Bitcoin would hit a $10,000 price tag within three years -- which it did. Bitcoin crossed $10,000 in November 2017.
