The year 2022 was a difficult one for the broader crypto market. Bitcoin, the largest cryptocurrency in the world, suffered more than 60% in price decline, while the market lost more than $1.3 trillion in value.
This drop means that investors have seen the value of their portfolios go down the drain. Some individual investors have lost nearly all of their money.
The previous year left significant bruises on crypto investors and proponents alike, but despite the pessimism and bleak forecasts for BTC, there are still some optimists.
Billionaire Says Bitcoin Will Hit $250K
Tim Draper, a billionaire venture capitalist and bitcoin investor who has long been positive about the alpha crypto’s ascent, maintains his forecast that the cryptocurrency will reach $250,000 this year.
Draper is a longtime believer of Bitcoin and was one of the first investors in the cryptocurrency. In 2014, he paid $19 million for approximately 30,000 BTC seized from the dark web marketplace Silk Road and sold at
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