Tim Draper, the legendary VC market investor, is again forecasting the future course of Bitcoin. He admitted that his previous projections were pessimistic if we compare them to what might be ahead of us. Draper spoke with a BlockTV reporter. During the interview, the topic of Tim's prediction returned, in which he stated that we will be paying as much as $250,000 for 1 BTC in just three years. Now the investor believes that his vision was pessimistic. "A price of $250,000 would mean that Bitcoin would then have about a 5 percent share of the global currency market and I think that may understate the power of Bitcoin," - Draper now believes. Bitcoin exchange rate: cryptocurrency is the new gold? The investor is in the camp of bulls and believes that Bitcoin will gain strongly during the next few years. The reason will be the crisis of the current financial system. "Currently there is $86 trillion of political currency. They call it a fiat currency, but it is a political currency. I believe that this currency will slowly be eaten up by a better currency that is global, decentralized and without many restrictions. It is a better currency. Bitcoin is a better currency. I think bitcoin will be one of the five cryptocurrencies that will survive." - said last fall at the Crypto Invest conference in Los Angeles, which we wrote about in more detail here. "Five years from now, if you use traditional currencies, people will laugh at you," he - said, in turn, a year earlier at the Web Summit technology conference in Lisbon. Argentina a testing ground for Draper? "We were talking about Bitcoin and the devaluation of the peso, and I proposed a bet: if the peso was valued more than Bitcoin, I would double my investment I made in the country. But if Bitcoin gained a higher price than the peso [as it is now - editor's note], they [i.e. the authorities] would have to recognize it as a national currency, which would be an excellent decision (...)" - Draper, who spoke to Argentine President Mauricio Macri on March 20, told the media. The investor reportedly urged the politician to put his country's economy on a more modern track. Moreover, today Tim points out that in view of the decline in the confidence of the country's citizens in the peso, more and more Argentines are buying Bitcoins. In his opinion, this process will happen in more countries in the future. Tags bitcoin argentina bitcoin at 1 million pln bitcoin exchange rate bitcoin exchange rate 2023 future bitcoin exchange rate Tim Draper Tim Draper Bitcoin
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