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.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
