Bitcoin will be pushed to heights of $250,000 by 2023 by Lightning Network says Tim Draper


  • Tim Draper, the pro-cryptocurrency venture capitalist is predicting Bitcoin at $250,000 by 2023.
  • The innovations such as the Lightning Network would be key in propelling the Bitcoin price higher. 

 

Closely followed crypto-enthusiast, Tim Draper, he believes that Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast.  

Draper was speaking during a Q&A session at the Malta AI & Blockchain Summit recently and detailed that the innovations such as the Lightning Network would be key in propelling the Bitcoin price higher. 

He said:

It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price will drop to $14,000 before the bull run resumes

Bitcoin has taken the lead in the recent run-up in the cryptocurrency market yet again as it moved back above the $19,000 mark. Prices have managed to retain all the gains realized over the last few weeks after recording ...

More Bitcoin News

Cardano price is on the verge of a massive move, suggests critical indicator

Cardano has been trading relatively sideways for the past four days consolidating from its 2020-high at $0.183. The digital asset seems to be ready for a massive price move as bears and bulls continue fighting.

More Cardano News

Aave price jumps 10% following protocol upgrade, bulls target $110

The Aave V2 protocol is a major update of the platform and comes with new products like a yield and collateral swap allowing users to deposit their assets in the protocol and trade while being used as collateral.

More Aave News

BCH consolidates above 293.00 inside symmetrical triangle

BCH/USD rises to 293.83, up 0.50% intraday, during early Friday. Even so, the crypto pair keeps the two-day-old trading range below 298.00 while also respecting a short-term symmetrical triangle formation established from November 24.

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES




Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Bitcoin has lived through a roller-coaster week. The pioneer digital currency hit another multi-year high of $19,500 and got really close to the all-time high on Wednesday. 

Read the weekly forecast

BTC

ETH

XRP