One of the world's prominent Bitcoin enthusiasts and venture capitalists, Tim Draper, has predicted that Bitcoin will hit $250k by 2023.
Draper made his controversial prediction in a recent interview with Forklog where he claimed that by 2023 the crypto space would have witnessed a mass adoption that will exponentially increase the value of Bitcoin. He further claimed that a younger generation that will trust crypto more than fiat will soon emerge.
If Draper's prediction comes through, Bitcoin would have by 2023 have a market capitalization of about 5 trillion dollars, which is presently about 5% of the world's economy.
While I have a lot of doubt about Draper's jumbo prediction, I can only hope that he turns out right. Well, only time will tell.
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