tim draper

 

 

Timothy Draper is a business venture pioneer in the United States and the co-founder of Draper Fisher Jurvetson Venture Company, a notable early-stage technology investment firm. Draper is currently investing heavily in bitcoin. He is a major backer of the Tezos project, which recently raised $232 million in a high-profile token sale. Because of his enthusiasm and promotion for Bitcoin, Draper has become well-known.

Despite how centralized the market has become, Draper believes that the price of Bitcoin will exceed $250,000 by Q1 2023, citing economic uncertainty and instability in nations such as China as reasons. He then emphasized that this prognosis might be too cautious. Draper reaffirmed his prediction in November, saying that the Lightning Network's adoption and the recognition of Bitcoin as a useful currency might drive the price higher.

 

We expect Draper to keep updating and commenting on his ambitious price projection as he continues to be bullish on Bitcoin and the blockchain ecosystem in general. We expect Draper to advise and invest in a variety of startups throughout 2020 as an active VC in the field.