Maindivider Newsdivider Is cryptocurrency facing a bleak future?

Is cryptocurrency facing a bleak future?

calendar 17-07-2023

The most popular cryptocurrency, Bitcoin, may see a record price increase in the next two years, according to the forecasts of crypto analysts. Tim Draper, a famous investor and billionaire, predicts an increase in the value of Bitcoin by more than 900%.

He believes that Bitcoin is at the beginning of a parabolic growth that will take it to the $250,000 mark. Temporarily, he sets a deadline of 18 months to achieve this goal.

Draper also says that the collapse of the FTX exchange serves as a warning to investors looking to accumulate cryptocurrencies controlled by centralized platforms. He believes that decentralized cryptocurrencies such as Bitcoin have an advantage over centralized digital assets.

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