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Famous Billionaire Tim Draper Announces His New Bitcoin (BTC) Price Prediction

when will btc supply run out

Bitcoin (BTC) rose from $ 20,000 to $ 25,900 in almost 1 Week. Bitcoin’s rise since March 2020 overshadows its recent one-week performance. On top of all this, famous billionaire and Bitcoin investor Tim Draper has announced a price forecast that will excite the Investor much more.

Draper, who bought close to 30,000 BTC at a US auction in 2014, is known as a renowned venture capitalist. Draper’s purchase of BTC at a unit price as low as $ 632 at that time proves that he is successful in this regard. Draper has now made a nearly 2-year estimate of the price of Bitcoin, noting that the increase will continue for a long time.

The famous billionaire said that by the end of 2022 or the beginning of 2023, the price of Bitcoin will increase 10 times from this point. Trading at $ 25,751 as of press time, BTC could see $ 250,000 by the end of 2022, according to Draper’s estimate.

Draper’s bitcoin and altcoin predictions
In fact, Draper has long reiterated his $ 250,000 estimate for Bitcoin. The fact that the leading cryptocurrency has broken an all-time record in 2020 and continues to rise above it has given Draper’s forecast more consideration.

In addition to being a strict bitcoin fanatic, Draper has been known to invest in altcoin, albeit in low amounts. Draper’s “incredible” statements for Ripple and XRP in 2019 could cast a shadow over the BTC forecast. Because of the lawsuit filed against Ripple, the price of XRP failed to get what it wanted from this rally and continues to fall.

Bitcoin hampers altcoin season
While many investors and analysts expect the altcoin season to kick off at a time when bitcoin has gone from $ 10,000 to $ 25,000, the expected season still hasn’t quite arrived. It may be that the institutional investor is constantly buying Bitcoin and the news of the lawsuit against Ripple has alarmed altcoin investors.

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