Summary
- Tim Draper stated that Bitcoin will reach $250,000 by the end of this year.
- He predicted that Bitcoin will become the currency replacing the US dollar within the next 10 years.
- Draper emphasized that all companies should hold Bitcoin to prepare for banking system issues.
There is a claim that Bitcoin (BTC) will rise to $250,000 by the end of this year.
On the 13th (local time), Tim Draper, a famous American venture capitalist, stated in an interview with CoinDesk that "Bitcoin will reach $250,000 within the year" and "within the next 10 years, Bitcoin will become the currency replacing the US dollar." He further mentioned that the need for the dollar will gradually diminish. If expenses such as food, taxes, and housing can all be paid with Bitcoin, there would be no need to hold dollars.
Additionally, he emphasized that all companies should hold Bitcoin. Draper added, "During the bankruptcy of Silicon Valley Bank (SVB) in March 2023, many companies were unable to pay salaries," and "to prepare for potential issues in the banking system, every company should hold a certain percentage of Bitcoin." By stockpiling Bitcoin, companies can ensure salary payments and various funding even if a bank goes bankrupt.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
