Today’s billionaires, early investors in Hotmail, Skype and Tesla startups, list the catalysts that will lead the Bitcoin price to rally.
Tim Draper doubles $250,000 Bitcoin prediction
Venture capital investor Tim Draper said in a recent interview that Bitcoin price could reach six digits. Draper, an early investor in Coinbase, Hotmail, Skype, Tesla and Twitter, thinks the Bitcoin rally will start with women:
I don’t know exactly when women will start using Bitcoin. Only one out of 14 investors is a woman. This ratio has now reached 6. I think it will eventually sync. Equally, 80% of individual investments will be controlled by women…This could change everything. And suddenly, all women will have Bitcoin wallets and buy things with BTC. And you will see a BTC price explode just below my $250,000 prediction.
Meanwhile, Draper predicts NFT and DeFi industries will also adopt at enterprise levels. On the subject of DAOs, he says autonomous organizations can be used to more fairly reward the various stakeholders of successful businesses.
Mike Novogratz says Bitcoin will lead the next rally
Mike Novogratz is the CEO of Galaxy Digital and is known for his support of Bitcoin and Terra. The billionaire investor shared in his recent tweets that he believes Bitcoin will lead the next rally.
He didn’t make any predictions. Novogratz believes that prices can recover once the US Federal Reserve abandons its hawkish monetary policy and stops raising interest rates.
Market reacts to the bursting of a Fed-driven bubble
In this regard, Novogratz says cryptocurrencies are lagging behind stocks due to the lack of buybacks and massive retirement rebalancing that has forced the stock market to jam. The cryptocurrency Bitcoin hit $28,253 on the Bitstamp exchange earlier today. As reported in
Kriptokoin.com news, Novogratz predicted that the market would not move up immediately after the Terra project collapsed in early May. In his most recent tweets, he says developing a revolutionary technology shouldn’t be easy.
17599
