Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

NEWS:Billionaire Tim Draper says Bitcoin will hit $250,000 in 2024.
My body is ready

I'm sure that one day Tim Draper will be right, but as things stand so far he has not justified the status of a "prophet", considering that in 2014 he uttered the famous saying "1 BTC will be worth at least $10,000 in the next three years".

...and it did...exactly 3 years later, in 2017, lol

his other prediction of 250K in 2022 did not pan out, of course, and he admits to that.
In my opinion, anyone who predicts BOTH the timing and the price are not going to be successful, typically.

Check out the vid (@fillippone was most likely talking about T. Draper info from this one):

https://www.youtube.com/watch?v=kfOeVUbbx9Y

I watched it with interest because the contrast between bitcoin "guy" Draper and a s-tcoin "promoter" R. Pal (who invest most of his money in ONE coin Roll Eyes

) could not be more clear. Draper also explains very well how VC funding works. The gal is easy on the eye too (for this older fella), haha.

Nice video. It's definitely coming. There will always be noise (read: COVID, Ukraine, FTX, etc.) that causes deviations from the trend, but the trend is there, and always has been. I think we will see 6 digits by 2025. Exact figures like $250,000 are fun and generate clicks, but don't make much practical sense. Bitcoin-friendly banks and ETFs are a necessary "evil" in the path of Bitcoin adoption. It is naive to expect a total collapse of the traditional system, and not everyone can be their own bank. It will not collapse, it will adapt, and it is adapting.

Looking forward to an exciting new year!