Tim Draper: Bitcoin will hit US$250,000 by mid-2023

[Redaktion]

Although he already predicted in 2018 that Bitcoin would hit the US$250,000 threshold in less than four years, venture capitalist Tim Draper is back with another similar prediction. This time, he claims that the quarter million barrier will be left behind by mid-2023 while many altcoins will fade away.

https://www.notebookcheck.net/Tim-Draper-Bitcoin-will-hit-US-250-000-by-mid-2023.673503.0.html

[Hunter2020]

Bitcoin is a scam invented by the CIA to rob people of their wealth.  This the primary reason why China banned it in the first place.

[Codrut Nistor]

Interesting point of view, but it took a few good years for China to ban it and, in those years, the locals involved in the mining farms made fortunes. Probably the local authorities as well, by taxation of goods purchased by the miners or direct tax on their profits (I don't know for sure how it worked, since everywhere there were people involved in mining who did it 100% the legal way and others who didn't).

[OkBruh]

@Hunter2020 Right.... It's a scam, with open source code anybody can verify, peer to peer value transfer without 3rd party risk, incredibly robust security and voluntary free-market participation.... But please do go on about how it's a scam! The scam your government invented is fiat currency. You got it twisted.

[indy]

Fiat isn't a scam. It's just a made up concept that everyone agrees to participate in.