Stay Strong, BTC Will Go To $250K! – Tim Draper

<p>&nbsp;"Many predictions have been made, will his expectations be fulfilled or not?"</p><p><br /></p><p>The price of cryptocurrency king Bitcoin (BTC) has rallied more than 84% in the Year-to-Date (YTD) period, but most of its movements have seen declines as most investors focus on the predictions of major market analysts.</p><p><br /></p><p>However, US venture capital investor and staunch BTC supporter Tim Draper predicted a few years ago that the digital asset would reach $250,000 by now.</p><p><br /></p><p>According to Draper's statement on his Twitter account, he made the prediction when BTC was at $4,000 but unfortunately the price has now only seen a sevenfold growth at $30,500.</p><p><br /></p><p><br /></p><p>Despite that, Draper really believes that the price of BTC will reach $250,000 in the near future following its recent performance that managed to recover a little when BlackRock filed the paperwork to file a spot BTC ETF.</p><p><br /></p><p>While he also revealed that the main developers or engineers of digital assets may find it difficult to work due to the increase in the use of the Lightning Network and the emergence of Ordinals Inscription.</p><p><br /></p><p>In addition to Draper, several other prominent analysts such as Stock-2-Flow (S2F) founder PlanB also made their own predictions expecting the price of BTC to exceed $500,000 in the future.</p><p><br /></p><p>Although the movement is still volatile, most investors who are very bullish on BTC believe that the emergence of BTC ETFs in the US means that the price has the potential to jump higher in a big way.</p><p><br /></p><p>As of this writing, the price of BTC has risen by 0.40% to $30,708 in the last 24 hours with a market capitalization of $596 billion and is up 1.21% over the last week.</p>