2 Famous Billionaires: Bitcoin Reaches These Levels in the Coming Months!

2 Famous Billionaires: Bitcoin Reaches These Levels in the Coming Months!

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Today’s billionaires, early investors in startups Hotmail, Skype and Tesla, list the catalysts that will lead the price of Bitcoin to rally.

Tim Draper doubles his Bitcoin prediction by $250,000

Venture capitalist Tim Draper said in a recent interview that the Bitcoin price could reach six figures. Draper, an early investor in Coinbase, Hotmail, Skype, Tesla, and Twitter, believes the Bitcoin rally will start with women:

I don’t know exactly when women will start using Bitcoin. Only one in 14 investors is a woman. This ratio now reaches 6. I think it will eventually synchronize. Similarly, 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 prediction of $250,000.

However, he made no predictions about when that rally would take place. Novogratz thinks prices can recover once the US Federal Reserve abandons its hawkish monetary policy and stops raising interest rates.

The market reacts to the bursting of a bubble fueled by the Fed

In this regard, Novogratz said that cryptocurrencies are lagging behind equities due to lack of redemptions and massive pension rebalancing that forced the stock market into a crash. Bitcoin, the world’s largest cryptocurrency, hit $28,253 on the Bitstamp exchange earlier today.

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