{"id":82361,"date":"2023-07-29T10:10:00","date_gmt":"2023-07-29T07:10:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82361"},"modified":"2025-09-12T04:32:15","modified_gmt":"2025-09-12T01:32:15","slug":"tim-draper-envisions-mass-adoption-of-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tim-draper-envisions-mass-adoption-of-bitcoin\/","title":{"rendered":"Tim Draper envisions mass adoption of Bitcoin"},"content":{"rendered":"<p>Venture investor and billionaire Tim Draper told <a href=\"https:\/\/www.foxbusiness.com\/markets\/bitcoin-track-challenge-u-s-dollar\">FOX Business<\/a> in an interview that sooner or later the world will embrace the first cryptocurrency.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u00abBitcoin is being accepted around the world, and it&#8217;s only a matter of time before retailers realise they can save 2% by accepting Bitcoin. They don&#8217;t have to pay banks and card issuers\u00bb, he explained.<\/cite><\/p><\/blockquote>\n<p>According to Draper, digital gold will transform the realms of commerce and currencies. Among Bitcoin&#8217;s advantages, the investor noted \u201ca trusted third party, represented by hundreds of thousands of nodes\u201d to ensure the authenticity of transactions.<\/p>\n<p>In July Draper <a href=\"https:\/\/forklog.com\/en\/news\/tim-draper-reaffirms-forecast-for-bitcoin-to-reach-250000\">reiterated his forecast<\/a> that Bitcoin would reach the $250,000 mark. He believes this will occur in 2025. In 2018 the investor first predicted Bitcoin would reach $250,000 by 2022.<\/p>\n<p>As noted in July 2023, Standard Chartered analysts <a href=\"https:\/\/forklog.com\/en\/news\/experts-forecast-bitcoin-to-reach-120000-by-end-2024\">predicted<\/a> that Bitcoin would rise to $50,000 this year and to $120,000 next year.<\/p>\n<p>According to the analysts at crypto-financial service Matrixport, Bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/matrixport-bitcoin-price-could-reach-125000-by-end-2024\">will surpass the $125,000 mark<\/a> by the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture investor and billionaire Tim Draper told FOX Business in an interview that sooner or later the world will embrace the first cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":82362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,954],"class_list":["post-82361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-tim-draper"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82361"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82361\/revisions"}],"predecessor-version":[{"id":82363,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82361\/revisions\/82363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82362"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}