For the past few days, there has been some optimistic forecasting circulating regarding the long-term price trend of bitcoin.
However, it is important to specify that these are predictions made by bitcoiners, particularly by large investors who have a lot of BTC in their wallets.
Tim Draper’s prediction about the price of Bitcoin
One such optimistic prediction is that of billionaire Tim Draper.
Timothy Cook Draper is an American investor who is the founder of several companies that bear his name, including Draper Venture Network.
Throughout his career he has invested in many companies, including Tesla, SpaceX, Twitter, Baidu, Skype, Coinbase, Robinhood, Twitch, and many others.
However, he became famous through an investment in Bitcoin made in 2014.
At the time, the world’s largest existing crypto exchange, Mt. Gox, had failed and what would later prove to be the worst bear-market in Bitcoin’s entire history was underway.
Draper made that investment by purchasing s
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