Do you know the billionaire and prominent bitcoin investor, Tim Draper? You must be aware of his projections if you take interest in cryptocurrency. The guy often makes clear and solid statements regarding the future of the most powerful cryptocurrency.
According to the latest cryptocurrency news from Tim, Bitcoin is likely to hit $250,000 by the end of 2022. The expected value will be achieved keeping in mind the current demand for Bitcoin. Finance experts and critics are hopeful about the bright future of environment-friendly digital currency. That’s the reason they expect it to get stronger over time.
The reason why business experts give importance to Tim’s predictions is that he makes correct predictions. He has a proven track record of making real forecasts. In 2018, Daper made forecasts about Bitcoin when it was trading at $8,000. It turned out to be true. This time he is confident that the most influential cryptocurrency on planet earth will reach its predicted value at the end of 2022 or the beginning of 2023.
Currently, not too many companies across the globe accept Bitcoin as a payment method. The reason behind low acceptance is the high volatility. Companies and business organizations don’t want to lose their customer base by allowing a highly volatile digital currency.
In the current situation of uncertainty, companies across the globe are not willing to accept Bitcoin as a payment method. Elon Musk, CEO of Tesla, refused to accept this particular cryptocurrency a while back. However, now he has agreed to accept this again. Such uncertain behavior of companies creates doubts in minds of people.
Dapper, on the other hand, is pretty sure that most of the companies will be accepting the next Bitcoin form as a payment method after one and a half years. This positive projection is likely to give more strength to Bitcoin.
A few prominent companies currently taking Bitcoin either directly or indirectly include Starbucks, PayPal, Home Depot, Microsoft, Whole Foods, and Overstock.
Many people around the globe consider Bitcoin as a good source of storing value just like Gold. They seldom see it as a digital currency. Those who have extra cash in hand prefer investing in Bitcoin. The reason behind the increased investment in Bitcoin is that people want to make extra money from the increase in its market value.