Venture capitalist Tim Draper believes Bitcoin remains a vital hedge against devaluing fiat currencies.
Renowned venture capitalist Tim Draper sees Bitcoin tripling in value in 2024 due to inflows into spot exchange-traded funds (ETFs) and the looming Bitcoin halving.
Speaking to Cointelegraph during Paris Blockchain Week, Draper reiterated his belief that Bitcoin (BTC) would drastically increase in value considering several factors in 2024.
“If I had to predict, maybe we could see $250,000 by the end of the year; I mean, it’s looking pretty good,” Draper said as he reflected on his previous price prediction for 2022.
