The cryptocurrency sector is a fundamental part of our world. Some people love it, others hate it, but that doesn’t stop the crypto wheels from turning. Now, it seems like every week someone new joins the conversation and expresses their own opinion on the crypto space. The latest to do so is Tim Draper, a venture capitalist.
Tim Draper Talks Bitcoin
On Saturday, at the Intelligence Squared U.S. debate, Tim Draper declared a very bold statement. He said Bitcoin will be bigger than Tesla (NASDAQ:TSLA), Skype, and Hotmail combined. Draper, who made early investments in the companies mentioned above, also said that Bitcoin is bigger than the worldwide web. In addition, the 59-year old venture capital investor said BTC is bigger than the Iron Age, the Industrial Revolution.
Is he right though? I will admit that it is quite the statement. Plus, it’s not like Bitcoin is a guarantee. The virtual currency is quite volatile. That being said, Draper certainly has experience in the financial world, so his reasoning probably comes from a logical place.
The internet investor reiterated his statement Saturday that BTC will hit the $250,000 mark within the next four years. It sounds crazy, but Tim Draper isn’t the only one making optimistic predictions about Bitcoin. Thomas Lee has said time and time again that Bitcoin will reach $25,000 this year. Currently, Bitcoin is selling for $8,911.22, which puts the coin down 0.26% in the past twenty-four hours.
In a recent interview with CoinTelegraph, Draper essentially stated that the masses shouldn’t be surprised if Bitcoin ends up becoming the largest digital currency. Why? Because Bitcoin has what is deemed “a network effect.” As the coin grows in price, the network expands. That’s why Draper stated in the interview that Bitcoin
