- BTC is the hedge against inflation.
- Trust and freedom can only help in developing the world.
Tim Draper, a famous Venture Capitalist (VC) and Bitcoin advocate stated in 2018 that BTC will reach a $250K value by the end of 2022 or early 2023, and he sticks to those words even now. In an interview with the Wall Street Journal (WSJ) Session on May 15, Tim said that BTC is the hedge against inflation.
Tim Draper states:
“That’s my prediction. Sticking with it. I’m very confident that that is going to happen. That’s happening. It’s kind of funny.”
Tim also comments on VC, they make investments based on previous success. A good showcase of the past only earns new loans but when coming to the crypto world it’s all in for innovations. He also mentioned that ‘Trust and Freedom’ can only move the world forward, and the government directing individuals at every step will make progress tougher.
When questioned about his BTC price to $250K statement, he replied that BTC investors are of two types Missionaries and Mercenaries, first, one does all background research and invests in them whereas the latter invest when the market is only high to gain maximum profit and run out of the market when it is down. The current situation is making mercenaries move out and give place to missionaries.
Crypto Enthusiasts Stand
Draper’s prediction has been in the news recently. Lark Davis, crypto content creator has tweeted it today with a question that whether it will happen? and the replies are quite contrary to the statement. Many think it is near impossible and quite a lot wish that BTC should at least remain $25K by the year-end. Some have even mocked it by making statements that even Terra stablecoin will depeg but BTC can’t attain $250K.