Financier Tim Draper predicted earlier this month that Bitcoin will increase sharply over the next six months. He even did not rule out BTC could soar to $250,000 next year.
He has now confirmed his point of view and has added that in the first half of 2023, the largest digital currency will at least approach this psychological mark.
The collapse of the FTX exchange has a negative impact on the market, but it will be short-lived. The crisis has hit the industry, but Bitcoin will survive it, he claims.
Moreover, the consequences of the collapse of FTX for the industry will be positive. According to him, the bankruptcy of the exchange will make the crypto market more decentralized.
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