Tim Draper Envisions Bitcoin Taking 5% Of The Global Market By 2023

VC investor Tim Draper, in an interview with FOX Business on the 10th of May, stated that Bitcoin would have a 5% share of the entire world by 2023.

Tim Draper who has become a bold Bitcoin advocate, speaking on the sidelines of the Salt Conference in Las Vegas, Draper said the most significant cryptocurrency would continue to gain dramatically at a price.

It is going to keep going because, I am a believer than in four years, something like that, Bitcoin will be about 5% market share on earth. Draper also stated: “It is a better currency, it is decentralized, open, it is transparent; everybody knows what happens on the blockchain.

Bitcoins 2019 Bull Run continues this week, with BTC/USD passing the $6,000 mark set its highest level since November 2018. Tim Draper appeared in a trademark Bitcoin tie and socks; he also added that he envisioned running an entirely Bitcoin-dependant company, where transactions used it exclusively.

I eventually want to have a fund where I take in Bitcoin, and I fund everybody in Bitcoin, and they pay their employees and suppliers in Bitcoin, and then I pay my investors in bitcoin,” he then stated “because then I would require no accounting, no legal, no bookkeeping, no custody – it would all be done.”

Tim Draper is also a significant supporter and investor in the smart contract and decentralized application platform Tezos (XTZ), in November Draper made one of the industry most bullish predictions for the Bitcoin price, claiming that by 2023 a single Bitcoin would be worth $250,000.     

 Do you see Bitcoin hitting the $250,000 mark in the next four years?


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