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Tim Draper: Bitcoin to $250,000 by Jun 30, 2023

Tim Draper's prediction that Bitcoin would reach $250,000 by June 30, 2023 did not come true. Bitcoin's best close before the deadline was $30,708 on June 23, 2023, 88% below the target. Tim Draper made the call on CNBC on December 5, 2022, when Bitcoin was at $17,109. The target needed a 1,361% rise in seven months.

Updated

What was said

Photo of Tim Draper
Tim Draper

Founder and Managing Partner, Draper Associates

CNBC, Dec 5, 2022SourceArchive

6 predictions · 3 missed · 3 open

Photo: Web Summit, CC BY 2.0

I have extended my prediction by six months. $250k is still my number

Draper argued that women are a large untapped group of bitcoin buyers, noting they control most retail spending but hold few bitcoin wallets. He said retailers would save about 2% per purchase made in bitcoin rather than dollars, and criticised centrally managed fiat money. He expected a flight to quality toward decentralized crypto like bitcoin, and the article reports he also cited the 2024 halving as limiting supply.

How we checked this

MissedDeadline

Price when said
$17,109 closeprice data
Target
$250,000+1,361%
Best close
$30,708price data

The prediction comes true if any daily close from Dec 5, 2022 to Jun 30, 2023, inclusive, is at or above $250,000. Prices are daily closes in UTC, not intraday highs.

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