[Venture Capitalist Tim Draper: Although Bitcoin has suffered heavy losses this year, Bitcoin will reach $250,000 in mid-2023]

Venture capitalist and Bitcoin investor Tim Draper said that although Bitcoin has suffered heavy losses this year, he believes that Bitcoin will reach $250,000 per coin in mid-2023. Retailers can save approximately 2% on each Bitcoin transaction compared to U.S. dollars, and once retailers realize that 2% can double their profits, Bitcoin will be everywhere. Tim Draper believes that Bitcoin provides a way for people to bypass middlemen. The Bitcoin halving in 2024 will also drive the cryptocurrency higher.