The bear market doesn’t appear to have dented Bitcoin bull Tim Draper’s enthusiasm for the cryptocurrency. Speaking on stage at Web Summit 2022, the billionaire VC argued that his prediction that the cryptocurrency will hit $250,000 still holds—though he’s “extended it by six months.” Sporting one of his Bitcoin ties, Draper argued that “by mid-2023, I’m expecting to see Bitcoin hit $250,000.” “You’re seeing inflation, they’re fighting inflation, you’re seeing bad governance,” he said, noting that he regards Bitcoin as “a hedge against bad ...
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