BitCOIN

Bitcoin Will Touch $250,000 by 2022-End: Billionaire Tim Draper Stays Bullish Despite Recent Dip Billionaire venture capitalist Tim Draper has said he will stick to his initial prediction that Bitcoin will reach $2,50,000 (roughly Rs. 1.85 crores) by the end of 2022 or early 2023, despite top cryptocurrencies crashing massively just weeks ago. Draper, who has invested in Bitcoin, said he is “pretty sure” that the world's largest cryptocurrency is heading in that direction and will gain more acceptability by the time. He had made the prediction for the first time in 2018 when Bitcoin was trading at $8,000 (roughly Rs. 5.9 lakhs). Major  cryptocurrencies  lost a huge chunk of their value in the recent market crash after they attracted severe criticism for driving up fossil fuel use and a  Chinese crackdown  on their trading.  Bitcoin , that saw a meteoric rise this year, had reached an  all-time peak  of nearly $65,000 (roughly Rs. 48 lakhs) before losin...