Ethereum News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Owning up to Failed Price Call One of the top voices in the Bitcoin ecosystem is Tim Draper , the renowned American Venture Capital investor. Draper is arguably one of the most enthusiastic personalities when it comes to Bitcoin , and he predicted, a couple of years ago, that the premier digital currency will be trading at a price of $250,000 by this time. advertisement Taking to his official Twitter handle, Draper acknowledged that the prediction did not come off right. He made the forecast at the time when the price of the cryptocurrency was pegged at just $4,000. Should his prediction had come to pass, BTC would have climbed by 60x from that point but on the contrary, the coin has only managed about a 7x growth at the current price around $30,500. So much for my predictive abilities…It is June 30, 2023. When Bitcoin was $4000, I predicted it would reach $250k (60X) by now. It has only reached $30k (7X). I guess we have to wait a little longer, (maybe...