Draper Stands By $250K Bitcoin Price Prediction Despite Missing 2022 Target, Blames Regulations
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Tim Draper predicted Bitcoin would hit $250,000 by 2022 but it didn't happen. He now wants until end of June 2023 for his prediction to come true.
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Draper made an early fortune buying 30,000 Bitcoin from the U.S. Marshals in 2014 for $19 million. Those are now worth over $800 million.
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Draper blames the U.S. government for messing up his price prediction by over-regulating blockchain technology.
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Draper has over 250,000 Twitter followers that grew organically by him consistently posting valuable content.
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Draper doesn't think a Bitcoin ETF will get approved until Republican Nikki Haley becomes president.