Tim Draper: Bitcoin at $250,000 Taking 5% of Global Market Share.


“BTC” Bitcoin will have a 5% world’s market share by 2023, investor Tim Draper told in an interview for  FOX Business .

Tim Draper, who has become a brave bitcoin advocate said: Bitcoin would continue to gain dramatically in price.

“It’s going to keep going because, I’m a believer than in four years, something like that, bitcoin will be about a 5% market share of the Earth,” he told the network. Draper added:

“It’s a better currency, it’s decentralized, open — it’s transparent; everybody knows what happens on the blockchain.”

As 101btc reports before, bitcoin’s 2019 bull run continues these days, with BTC/USD passing the $6,000 mark to set its highest level since November 2018.

Tim Draper added that he expected running an entirely bitcoin-dependent company, where transactions only Bitcoin.

“I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin,” he continued. Draper then stated:

“Because I would then require no accounting, no legal, no bookkeeping, no custody — it would all be done.”

Tim Draper is also a big investor in smart contracts and decentralized application platform Tezos “XTZ”. He previously made one of the most bullish predictions for the Bitcoin price, in November claiming that by 2023, Bitcoin would be worth $250,000.

READ ALSO: Tim Draper: Bitcoin is much better than gold


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