Tim Draper Accurately Predicted Bitcoin At $10,000 — Now He Has ‘Reason To Believe’ It Will Go To $250,000 In 18 Months

Venture capitalist Tim Draper predicted on Tuesday that Bitcoin (CRYPTO: BTC) will reach $250,000 in 18 months, and potentially higher, owing to inflationary pressures on the dollar.

Draper Remains Bullish

Draper recalled his accurate 2014 prediction on Fox Business that Bitcoin would hit $10,000 in three years.

The billionaire investor acknowledged that his subsequent predictions have not been as “prescient,” but he has “reason to believe” that the leading cryptocurrency will climb to $250,000 in 18 months.

“Eventually I expect the number to be higher as Bitcoin rises and the dollar falls to inflationary pressures,” he added.

Full story available on Benzinga.com