BTC has a very bright future because the payment processors are leading towards more and more innovation. Due to this, the process of transactions will become very easy and successful that will urge the Bitcoin to rise above the clouds, as per the speculation of Tim Draper.
Last week there was a discussion and Q&A session at the Malta AI and Blockchain Summit where there was a discussion about the future price of digital gold. At the Summit, the crypto analyst and venture capitalist commented on the latest innovations and payment providers that they are the pillars that will pump the price of BTC. He is, especially, referring to the Lightning Network that would be a key factor in urging the value of Bitcoin to the millions.
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Daper’s Prediction of Bitcoin to $250,000
Some days later, Daper claimed that Bitcoin in the next few years will reach up to $250,000. Now, again in the Summit, he is detained on his previous statement that the target of BTC/USD by 2022 and 2023 is $250,000. He said,
I think Bitcoin payment processors are really going to open the floodgates.
When asked about why the digital gold will make a record performance in the next coming years, he clarified the reasons behind it:
It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.
Daper is not alone in the list of people who are making sky-high predictions about the future value of BTC. Included in the list, John McAfee who also made a speculation that bitcoin will touch the mark of $1 million at the end of 2020.
Similarly, in the row Bobby Lee, co-founder of BTCC exchange, claiming an unbelievable figure last week that the worth of BTC would be almost $500,000 by 2028.
The writer does not hold any cryptocurrency at the time of writing this article. This article is based on someone else point of view and we do not take any responsibility for bitcoin or any other cryptocurrency price moves.