Silicon Valley investor Tim Draper: Still believes that BTC will reach $250,000 by 2025 and believes that BTC will be able to purchase food, housing, etc

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2024/01/31 08:10

Silicon Valley investor Tim Draper reiterated his confidence in Bitcoin during an interview with Bloomberg, insisting that he still believes Bitcoin will reach $250,000 by 2025.

Draper believes that Bitcoin is becoming increasingly popular in countries with unstable currencies, and people prefer to use Bitcoin for transactions in these countries.

Draper stated, "There will come a day when I can buy food, clothes, and shelter with Bitcoin. People will no longer need the US dollar."

He predicts that in the future, Bitcoin will become dominant in the financial system, especially in decentralized finance and non-fungible token (NFT) sectors. He sees stablecoins as a transition and predicts that Bitcoin will bring about fundamental changes to the global financial system.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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