Can Bitcoin (BTC) Price Rally 3,400% in 36 Months?

[Shahinaz]

For years now, prominent investors in and out of the Bitcoin and cryptocurrency community have been making predictions, predictions about the crypto market’s future — often deemed uncertainty by many skeptics.

One of the most prominent of these predictions has been one from Tim Draper, one of Silicon Valley’s most prominent venture capitalists, having made early investments in companies from Skype and SpaceX to Tesla. Draper, notably, bought his first Bitcoin over five years ago, buying millions of dollars worth of the leading digital asset in an auction held by the U.S. government.

Draper, for over a year now, has been saying that the price of BTC will easily hit $250,000 — over 3,400% higher than the current price of $7,200 — by the end of 2022 or by early 2023.

Per previous reports from this very outlet, the legendary investor backed this prediction in a recent yahoo finance interview by reasoning that using fiat monies, which he calls “poor” (referring to their quality), are illogical, citing their controllability, lack of transparency, and subjectivity to political and social whims on the day-to-day. And as the American investor argues that most of the brightest developers, engineers, and academics are working on digital assets, Draper opines that there could be a large capital flight from fiat to crypto over time. He elaborates:

“My belief is that over some period of time, the cryptocurrencies will eclipse the fiat currencies. That would be a 1,000 times higher than what we have now.”

But do others agree with his assessment?

more :https://en.ethereumworldnews.com/can-bitcoin-rally-3400-percent-cnbc-analysts/

[Noverteno]

Did Bitcoin become or will become by the end of 2023 the fastest or cheapest when conducting transactions? If this does not happen, then why should it grow in price to $ 250,000? Just because it bears the name Bitcoin? I generally do not think that bitcoin will ever be able to grow in value by more than $ 50,000. All these predictions have no real economic justification.