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This Investor Predicts Bitcoin Price Could Touch IDR 3.9 Billion in 2023

Navigasi - Draper Fisher investor and founder Jurvetson (DFJ), Tim Draper believes in his bitcoin prediction that this largest crypto asset will reach a price of USD 250,000 or around IDR 3.9 billion per coin.

This Investor Predicts Bitcoin Price Could Touch IDR 3.9 Billion in 2023
This Investor Predicts Bitcoin Price Could Touch IDR 3.9 Billion in 2023


Previously, Draper said in April 2018, at the Draper University blockchain party, he predicted the Bitcoin price could touch $250,000 by 2022.

Then at the 2022 Web Summit event, Draper said he extended his forecast by six months, as he now predicts bitcoin will hit that price range by mid-2023.

"By the middle of 2023 I predict bitcoin will reach USD 250,000 (Rp 3.9 billion)," said Draper quoted from Bitcoin.com, Tuesday (8/11/2022).

Draper's company Draper Fisher Jurvetson is a well-known Venture Capital in the crypto industry, he also supports leading companies such as Tesla, Spacex, Robinhood, Docusign, Ring, Skype, and Baidu.

Amid this year's bear market and speaking at the 2022 Web Summit conference, Draper said bitcoin is essentially a safeguard against bad governance.

Hoping for More Female Crypto Investors


Draper also said he expects women to be the top demographic of retail investors which will help bring bitcoin's price into the $250,000 region. The comments are similar to statements he made during an interview with Wolf of All Streets last June.

Draper said the surge in bitcoin demand would come from retail spending.

Draper also explained that nowadays, it is not easy to use bitcoin for things like food, clothing and shelter. However, once retail shoppers can use bitcoin (BTC).

Draper wholeheartedly believes there will be no reason to hold on to fiat currency.

The venture capitalist also talked about stablecoins and noted that while they are a bridge to good bitcoin, they are centralized and ultimately, they are nothing in comparison.

While talking about stablecoins, Draper mentioned the now-defunct Terra stablecoin UST and the blockchain's native token LUNA. Draper told interviewers that Terra's stablecoin concept was wrong.
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