According to venture capitalist and billionaire Tim Draper, the price of Bitcoin will reach $250,000 by the beginning of 2023, despite the crisis caused by the collapse of FTX.
He has added:
“No change in the price forecast.”
According to Draper, the collapse of FTX “has nothing to do” with the success of BTC, since it is decentralized, while the Sam Bankman-Fried exchange is not.
He has explained:
“FTX was centralized, dependent on one founder. When a currency is centralized – for example, by a central bank – it has a single point of failure, and it can also be manipulated.”
He has suggested that the current crisis will lead to even more decentralization in the crypto industry.
