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CryptoIntelligence 2024-04-14 17:55:24

Tim Draper Predicts Bitcoin to Triple in Value by 2024, Citing ETFs and Halving Event as Key Drivers

Tim Draper Predicts Bitcoin to Triple in Value by 2024, Citing ETFs and Halving Event as Key Drivers

Tim Draper, a prominent venture capitalist, predicts a significant increase in Bitcoin’s value in 2024, driven by several key factors including spot exchange-traded funds (ETFs) and the upcoming Bitcoin halving event. During the Paris Blockchain Week, Draper spoke to Cointelegraph about his optimistic forecast for the cryptocurrency, suggesting a potential rise to $250,000 by year-end. “If I had to predict, maybe we could see $250,000 by the end of the year; I mean, it’s looking pretty good,” he remarked, reflecting on his earlier 2022 price prediction. The introduction of spot Bitcoin ETFs in the United States has significantly rejuvenated interest

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