Some people are still thinking bullish. Billionaire venture capitalist and serial blockchain investor TimDraper is not giving up on his near-term Bitcoin prediction of $250K in 2023 despite the recent issues in the cryptocurrency industry.
Draper continues to stick with his optimistic prediction that Bitcoin will hit $250,000 in 2023 despite the ongoing crypto crisis fueled by FTX.
The collapse of the FTX crypto exchange has nothing to do with the success of Bitcoin because Bitcoin is decentralized, and FTX was not, according to Draper. According to Draper, the fall of FTX would only trigger more decentralization in crypto as the latest events have once again demonstrated the biggest vulnerabilities of centralization:
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