Despite the great depression that the cryptocurrency market is going through, Bitcoin optimist billionaire Tim Draper still believes in his prediction; which points out that BTC could reach $250,000 by the end of this year and part of 2023.
During a chat with a trader, he revealed what this catalyst would be that could propel Bitcoin towards $250 thousand. Below, we will tell you the details.
What is the secret Bitcoin catalyst that Tim Draper is considering?
In a conversation with Scott Melker, an expert cryptocurrency trader, Tim Draper revealed that he still maintains optimism in Bitcoin despite the strong recession that is appreciated in the crypto market. In addition, he added that it may possibly reach $250,000 this year.
It should be noted, that there is a BTC catalyst according to Tim Draper that could skyrocket the prices of the cryptocurrency; and this would be women in general.
In her theory, she mentions that when women start using Bitcoin and cryptocurrencies in general, the user base will expand in a way not seen before. Exactly, he pointed out in the conversation:
Suddenly, all women will have cryptocurrency wallets and buy things with Bitcoin.
Tim Draper
The main foundation of Tim Draper, is that 50% of the wealth of the United States is under the control of women. Therefore, he considers that the fact that these can generate a bullish momentum in BTC is not too optimistic.
In addition, he also mentioned that for the current date, retailers do not know about some benefits that can be opted for using bitcoin as a payment method.
Could he be wrong in his bullish projection?
Those who have heard about Tim Draper, should know at least one of his most outstanding and repeated projections in the crypto world; this one was made during 2015, after having bought 30,000 bitcoins seized in the United States in 2014 for a little more than 8 million dollars.
At that time he predicted that the cryptocurrency would reach a price of $10,000 by the end of 2017. And this projection was quite limited, since in December of that year BTC came to trade a little more than 17 thousand dollars.
With this fact backing up its backs, we can consider that perhaps Tim Draper is not exaggerating his current analysis around cryptocurrency. However, for Bitcoin to reach that price it would have to rise a little more than 800% to today’s price; something that really seems impossible considering its price for $ 30,000.
Even so, the investor and passionate about cryptocurrencies has also explained that his forecast is not subject to the end of 2022, but also mentions that the goal could be reached by mid-2023.
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