Tim Draper, the renowned American Venture Capitalist and crypto enthusiast, has yet again made an ambitious claim regarding Bitcoin. Draper believes that BTC will have a 5% market share of the entire world by 2023. He said this to FOX Business in an interview on May 10.
Draper was present at the Salt Conference in Las Vegas, and he told FOX Business that Bitcoin’s price will only go up from here on. He expects that the cryptocurrency will continue its bull run and increase enormously in value. He said:
“It’s going to keep going because, I’m a believer that in four years, something like that, bitcoin will be about a 5% market share of the Earth. It’s a better currency, it’s decentralized, open — it’s transparent; everybody knows what happens on the blockchain.”
Draper has always been a stalwart bitcoin advocate and he has been in support of Bitcoin’s rising value and significance in the society. As we reported, it’s a Bull Run! for Bitcoin, going by the current market trend.
DRaper additionally revealed that he had a vision about running an entirely bitcoin-dependent company, which would only accept BTC as a viable form of payment:
“I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin… Because I would then require no accounting, no legal, no bookkeeping, no custody — it would all be done.”
With Awards like “Entrepreneur for the World” from the World Entrepreneur Foundation, “Midas List” from Forbes and “100 Most Powerful People in Finance” from Worth, Tim Draper is one name in the fintech industry that people easily remember and trust. We will see if his predictions bear fruit in the future.
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