CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

ZyCrypto 2025-04-12 15:45:32

Billionaire Draper Doubles Down on Bullish Outlook for Bitcoin, Sends Message to Naysayers

Billionaire Tim Draper has taken to X to remind market onlookers of his position on unconventional emerging technologies like artificial intelligence and cryptocurrencies. The head of Draper Associates recalls how his firm made a big bet on Bitcoin at a time when traditional market players were still largely skeptical. “We were among the first to believe in Bitcoin at Draper Associates, and we’ve continued betting on the next generation of groundbreaking ideas since. Yes, we’re still big on crypto but industry-agnostic by design. If it’s unconventional and world-shifting — we’re in.” He wrote. His assertion comes as Bitcoin corrects upwards, reclaiming the $83,529 price mark. Despite the escalating U.S.-China trade wars, the asset has successfully cleared weekly losses. Market players have remarked that the rebound is crucial for Bitcoin to retest previous support levels, turned resistance, at $94,500, according to the MVRV extreme deviation pricing bands indicator. Draper, a crypto and Bitcoin believer, reminded the market of Bitcoin’s early stages, implying that a notable change has occurred over the past few years, with skepticism dying down and adoption increasing globally. “Once upon a time, crypto had more than its fair share of doubters. The same goes for AI, self-driving cars, and numerous technologies that are now becoming commonplace. Today it’s Waymo, tomorrow it’s woolly mammoths.” He added . The billionaire, who reported making $89 million from his 5-year Bitcoin investments in 2021, has reinforced his trust in the leading cryptocurrency with bold price forecasts. After successfully predicting that Bitcoin would hit the $10,000 price mark in 2014, Draper made another bold call in November of 2024, asserting that a standard supply and demand curve could send Bitcoin to $250,000 in 2025.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta