Tim Draper: Still believes that Bitcoin will reach $250,000 and will far exceed this price level afterwards

Venture capitalist and billionaire Tim Draper recently stated in an interview that he still believes Bitcoin will reach $250,000 in the near future. "I want to say, $250,000 may come soon. If it really happens, it will far exceed this price level afterwards. Bitcoin could rise to $250,000 by 2024." He also claimed to be a "loyal fan" of smart contracts and hopes to promote Bitcoin adoption with them. As for stablecoins, Draper believes they will serve as a bridge connecting to Bitcoin. The way stablecoins work is that as long as the dollar is viable, they are viable; then when there's a run on the dollar, people turn towards Bitcoin.