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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on December 27, 2023, 02:43:40 PM

Title: Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
Post by: sirty143 on December 27, 2023, 02:43:40 PM

Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024

(https://i.imgur.com/6jGpqSom.jpg)

Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. “I would say that my number $250,000 will probably come pretty soon,” he emphasized, predicting that if the price of bitcoin hits $250,000, “it’ll go way past it.” See more for yourself here (https://news.bitcoin.com/tim-draper-expects-bitcoin-price-to-hit-250000-in-2024/).

Your opinion is greatly appreciated.

Title: Re: Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
Post by: Tribalchief on December 27, 2023, 09:08:19 PM

Tim Draper have now joined other crypto ethusiast who believes that an unimaginable price of Bitcoin can be reach in the year 2024. I guess he made his conclusion from the two major events that would go down in the year 2024: spot Bitcoin ETF approval and Bitcoin halving . Personally, i don't think the halving process might be effective on the price of Bitcoin immediately after the halving has occurred. I see the rise in price occuring in 2025. But, there should be a sense of possibility that the approval of spot Bitcoin ETF would have positive effect on the price next year. Is $250K possible?, well i don't think so.

In regards to the adoption of Bitcoin, El Salvador has made the right decision and it was made early. Whatever positive outcome that comes from the approval of the spot Bitcoin ETF is going to go in their favor. Sorry to say this, but I think the US are just denying people the opportunity of benefiting early.

In regards to women and Bitcoin, the adoption is not  really impressive over the years due to various reasons. Maybe more campaigns should be put out from them across nations of the world.