Tim Draper did not refuse to forecast the growth in bitcoin price to $ 250,000

Tim Draper did not refuse to forecast the growth in bitcoin price to $ 250,000

The price of bitcoin will reach $ 250,000 by the beginning of 2023, despite the crisis caused by the collapse of FTX. This was stated by a venture investor and billionaire Tim Draper in an interview with Cointelegraph.

“No changes in the price forecast,” he emphasized.

According to Draper, the FTX collapse “has nothing to do with the success of the first cryptocurrency, since it is decentralized, and the exchange of Sam Bankman-Frida is not.

“FTX was centralized, depended on one founder. When the currency is centralized – for example, the central bank – it has a single point of refusal, and it can also be manipulated, ”the billionaire explained.

The current crisis will lead to even greater decentralization in the crypto industry, suggested Draper:

“I think this fiasco [with ftx] will attract much more bitcoin maximalists. Please note that your money is not protected in a centralized system, whether it be cryptocurrency or fiat “.

What is a HEX token

He also highlighted the importance of self-control, but expressed confidence in the Bitcoin-Birge Coinbase. According to the investor, he stores his assets on this platform and in Ledger’s hardware wallet.

“They do not use my tokens to borrow or invest,” a billionaire noted.

Earlier, the head of Coinbase Brian Armstrong made a similar statement. He emphasized that nothing threatens users of the exchange, and the company itself does not dispose of customer assets without their knowledge.

In 2018, Draper predicted Bitcoin at $ 250,000 by 2022. He later expanded the forecast until the beginning of 2023, and recently increased it by another six months.

Recall that CEO Binance Chanpeng Zhao drew a parallel between the current situation in the industry and the financial crisis of 2008. In his opinion, in the near future, even more companies may collapse.

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