The venture investor and billionaire Tim Draper, in an interview Bloomberg TV, again reiterated his forecast that Bitcoin would reach the $250,000 mark, pushing the timeline to 2025.
“I did not expect that US bureaucracy would be so aggressive. I thought officials realized that they had to compete with the rest of the world,” — he explained.
According to the entrepreneur, regulatory enforcement by the SEC squeezes business out of the United States, which has hit the price of the leading cryptocurrency.
“This is a great system, a great currency, a great way to operate. I look forward to the time when I launch a fund for 100% investments in Bitcoin, when all my portfolio companies begin paying employees and suppliers in digital gold, when all taxes are paid in the first cryptocurrency […]. In this case there will be no accounting, auditing, reporting; everything will be on the blockchain. Everything will be fair and straightforward,” — the investor said.
In 2018, Draper predicted Bitcoin would reach $250,000 by 2022. expanded the forecast to early 2023, and in November 2022 increased it by another six months.
In March, the entrepreneur advised businesses to invest in digital gold.