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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Adoption is just starting&nbsp;&nbsp;&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">One Bitcoin is one Bitcoin</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h42">Miners will remain profitable</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              During the AIM Summit webinar, billionaire venture capitalist <a rel="nofollow" target="_blank" href="#">Tim Draper</a> once again emphasized that adoption is going to be the main driver of the Bitcoin (BTC) price.

He says that BTC is a safe haven against money-printing while confirming that he still stands by his <a rel="nofollow" target="_blank" href="#">$250,000 price prediction</a>.









<a rel="nofollow" target="_blank" href="#">card</a>

Adoption is just starting&nbsp;&nbsp;&nbsp;

Binance, Coinbase, and other major exchanges recently started aggressively expanding their staff.&nbsp;Draper says that they went on a hiring spree because the ecosystem is rapidly growing:&nbsp;

<blockquote>
Bitcoin is growing, Coinbase is growing, OpenNode is growing, the number of wallets around the world is growing.
</blockquote>

The venture capitalist says that people will realize that they don’t need banks once they experience the “powerful” and “exciting” feeling of controlling their own money.

<a href="https://u.today/bitcoin-btc-much-easier-to-track-than-cash-tim-draper">card</a>

One Bitcoin is one Bitcoin

Draper doesn’t seem to be concerned about Bitcoin’s volatile moves. He says that Bitcoin still equals one Bitcoin as fiat currencies slowly “disappear from sight.” The billionaire says that it is actually incredibly stable:

<blockquote>
It’s not volatile at all. In fact, it’s incredibly stable. You know there are only 21 mln of them.
</blockquote>

Recently, Bitcoin surpasses its 2019 against <a href="https://u.today/bitcoin-trading-volumes-in-south-america-reach-new-highs">the Brazilian real</a>, which underscores how resilient it is as a global currency. &nbsp;

<a rel="nofollow" target="_blank" href="#">card</a>

Miners will remain profitable

Draper claims that miners will be profitable because of cheap energy. As of now, they are also benefiting from the rapidly growing Bitcoin (BTC) price.&nbsp;

However, he doesn’t believe that there will place for <a href="https://u.today/more-bitcoin-miners-expected-to-capitulate-before-btc-halving-heres-why">smaller miners</a>, not just huge enterprise-level farms.

According to Moore’s Law, computing power doubles every 18 months, which means that smaller miners can still be ahead of the curve when new machines appear.
                
                  
    
                        Ads




                  
    
                        Ads




                
              
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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Adoption is just starting&nbsp;&nbsp;&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">One Bitcoin is one Bitcoin</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h42">Miners will remain profitable</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              During the AIM Summit webinar, billionaire venture capitalist <a rel="nofollow" target="_blank" href="#">Tim Draper</a> once again emphasized that adoption is going to be the main driver of the Bitcoin (BTC) price.

He says that BTC is a safe haven against money-printing while confirming that he still stands by his <a rel="nofollow" target="_blank" href="#">$250,000 price prediction</a>.









<a rel="nofollow" target="_blank" href="#">card</a>

Adoption is just starting&nbsp;&nbsp;&nbsp;

Binance, Coinbase, and other major exchanges recently started aggressively expanding their staff.&nbsp;Draper says that they went on a hiring spree because the ecosystem is rapidly growing:&nbsp;

<blockquote>
Bitcoin is growing, Coinbase is growing, OpenNode is growing, the number of wallets around the world is growing.
</blockquote>

The venture capitalist says that people will realize that they don’t need banks once they experience the “powerful” and “exciting” feeling of controlling their own money.

<a href="https://u.today/bitcoin-btc-much-easier-to-track-than-cash-tim-draper">card</a>

One Bitcoin is one Bitcoin

Draper doesn’t seem to be concerned about Bitcoin’s volatile moves. He says that Bitcoin still equals one Bitcoin as fiat currencies slowly “disappear from sight.” The billionaire says that it is actually incredibly stable:

<blockquote>
It’s not volatile at all. In fact, it’s incredibly stable. You know there are only 21 mln of them.
</blockquote>

Recently, Bitcoin surpasses its 2019 against <a href="https://u.today/bitcoin-trading-volumes-in-south-america-reach-new-highs">the Brazilian real</a>, which underscores how resilient it is as a global currency. &nbsp;

<a rel="nofollow" target="_blank" href="#">card</a>

Miners will remain profitable

Draper claims that miners will be profitable because of cheap energy. As of now, they are also benefiting from the rapidly growing Bitcoin (BTC) price.&nbsp;

However, he doesn’t believe that there will place for <a href="https://u.today/more-bitcoin-miners-expected-to-capitulate-before-btc-halving-heres-why">smaller miners</a>, not just huge enterprise-level farms.

According to Moore’s Law, computing power doubles every 18 months, which means that smaller miners can still be ahead of the curve when new machines appear.
                
                  
    
                        Ads




                  
    
                        Ads




                
              
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Billionaire Tim Draper Names Signs of Growing Bitcoin Adoption

Fri, 05/08/2020 - 18:10
article image
Alex Dovbnya
American investor Tim Draper reiterates that Bitcoin could hit $250,000 by 2023 when it reaches mass adoption
Billionaire Tim Draper Names Signs of Growing Bitcoin Adoption
Cover image via U.Today
Read U.TODAY on
Google News
Contents

During the AIM Summit webinar, billionaire venture capitalist Tim Draper once again emphasized that adoption is going to be the main driver of the Bitcoin (BTC) price.

He says that BTC is a safe haven against money-printing while confirming that he still stands by his $250,000 price prediction.



card

Adoption is just starting   

Binance, Coinbase, and other major exchanges recently started aggressively expanding their staff. Draper says that they went on a hiring spree because the ecosystem is rapidly growing: 

Bitcoin is growing, Coinbase is growing, OpenNode is growing, the number of wallets around the world is growing.

The venture capitalist says that people will realize that they don’t need banks once they experience the “powerful” and “exciting” feeling of controlling their own money.

One Bitcoin is one Bitcoin

Draper doesn’t seem to be concerned about Bitcoin’s volatile moves. He says that Bitcoin still equals one Bitcoin as fiat currencies slowly “disappear from sight.” The billionaire says that it is actually incredibly stable:

It’s not volatile at all. In fact, it’s incredibly stable. You know there are only 21 mln of them.

Recently, Bitcoin surpasses its 2019 against the Brazilian real, which underscores how resilient it is as a global currency.  

card

Miners will remain profitable

Draper claims that miners will be profitable because of cheap energy. As of now, they are also benefiting from the rapidly growing Bitcoin (BTC) price. 

However, he doesn’t believe that there will place for smaller miners, not just huge enterprise-level farms.

According to Moore’s Law, computing power doubles every 18 months, which means that smaller miners can still be ahead of the curve when new machines appear.

#Bitcoin News #Cryptocurrency Adoption
article image
About the author
Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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