Tim Draper: Still believes Bitcoin will reach $250,000 and then far exceed that price level

Venture capitalist and billionaire Tim Draper recently stated in an interview that he still believes Bitcoin will reach $250,000 in the near future. He said that $250,000 may come soon and if it is achieved, it will far exceed this price level afterwards. Bitcoin could rise to $250,000 by 2024.

He also stated that he is a "loyal fan" of smart contracts and hopes to promote Bitcoin adoption with them. Regarding stablecoins, Draper believes they will become a bridge to connect to Bitcoin. The way stablecoins work is that as long as the US dollar is viable, they will be viable, and when the US dollar is under pressure, people will turn to Bitcoin.