Tim Draper predicts Bitcoin will reach $250,000 by 2025, a 30-fold increase in the future

Odaily Planet Daily Report: Famous Silicon Valley investor Tim Draper is more optimistic about the prospects of coin, predicting its value will increase 30-fold. Draper expressed his firm confidence in coin's dominance as the global currency in an interview in November. He predicted that when the price of coin exceeds $90,000, it may surge 30-fold, potentially reaching nearly $3 million. He explained, "coin will become the currency of the future. I don't know if it's in five years, ten years, or whenever. But someday, you'll be able to use coin to buy food, clothing, housing, and pay taxes." He also reviewed his own predictions about coin: "I first predicted it in 2014 when coin was priced at $180. I said it would rise to $10,000 in three years. Sure enough, by the end of 2017, coin's price reached $10,000. After that, I haven't been as prescient. I thought coin would reach $250,000 by 2022, and I think my prediction was three years late." He attributed the delay to "the government's weak stance, only regulating new technologies, not encouraging them." Draper expressed enthusiasm for the potential impact of the incoming Trump administration on the private sector. He pointed out that Trump's election has had a significant impact on the cryptocurrency landscape. (coin.com)