Billionaire Tim Draper Reveals Bitcoin (BTC) Forecast, Predicts Consolidation of Crypto Tech
Billionaire investor Tim Draper has updated his outlook on Bitcoin (BTC), stating that he believes a mass consolidation of crypto technology is coming to the flagship digital asset. In an interview with Coin Bureau, Draper compares BTC to Microsoft, suggesting that it will become the main platform for developers to launch new technologies in the crypto industry, effectively consolidating its use cases.
Draper further envisions BTC developers creating versions of popular technologies released on other crypto protocols, similar to how Microsoft created programs like Word and Excel. He believes that Bitcoin is becoming a platform where experimentation is happening, leading to a consolidation around its use cases.
Draper also predicts that Bitcoin will reach a price of $250,000 in 2024, and once it hits that level, it will continue to rise. However, he did not specify where it will ultimately land.
At the time of writing, Bitcoin is trading at $43,850, showing a fractional increase in the last 24 hours. If Bitcoin reaches Draper’s target, it would indicate a 470% increase.