.@TimDraper stands by his $250K Bitcoin prediction for 2025 https://t.co/Yd5Gvpiixe
— U.Today (@Utoday_en) January 31, 2024
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Bitcoin over $170k? 2 crypto predictions confirm it!
Wed 31 Jan 2024 ▪
3
min read ▪ by
Getting informed
Tim Draper and Anthony Scaramucci are two major figures in finance. Both anticipate peaks for Bitcoin (BTC). Draper sticks with a forecast of $250k, while Scaramucci aims for $170k. Decoding the outlook and key market factors for Bitcoin.
Tim Draper predicts a $250,000 price for Bitcoin by 2025
Tim Draper has always maintained unwavering confidence in the potential of Bitcoin. According to him, the price of BTC will reach $250,000 by 2025.
Draper emphasizes the growing role of Bitcoin in countries with volatile currencies. According to him, people today prefer to transact with BTC rather than dollars, which are considered less secure.
« There will come a time when I could buy my food, my clothes, and my shelter in Bitcoin, and people will no longer want dollars »
During an interview with Bloomberg, he even predicts a possible radical shift in the global financial dynamics.
Considered one of the early adopters of Bitcoin in 2014, Draper is convinced that the scarcity of this cryptocurrency and its immunity to political manipulation make it a reliable and stable currency.
What about Anthony Scaramucci’s bold BTC prediction?
Anthony Scaramucci, the founder of Skybridge Capital, predicts a price of $170,000 after the next Bitcoin halving, with a fourfold increase in the 18 months that follow.
Scaramucci outlines two possible scenarios depending on the price after the Bitcoin halving:
- $50,000 could rise to $200,000,
- $60,000 could propel BTC to $240,000.
His short-term goal is based on a hypothetical retracement to $35,000. In the long term, he even envisages Bitcoin reaching half of gold’s market capitalization (equivalent to $400,000 per token).
According to him, the approval of Spot ETFs on January 11 is a testament (among other things) to the positive evolution of the market.
At the time of writing, Bitcoin is trading at $30,575. The price of BTC is down by 0.50% over 24 hours. Case to be followed…
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.