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.

Ken Chigbo Independent Analyst

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.

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