Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022 (via CNBCMakeIt)
were wiped off of the cryptocurrency after Elon Musk tweeted in May that he was suspending bitcoin purchases at Tesla over environmental concerns.when at least half of it can be mined using clean energy.
"Elon, first of all, is one of the most brilliant men in the world...maybe the most brilliant, [but] he got this one wrong," Draper says. Bitcoin rose more than 7%, nearing $40,000 on Monday, according to Coinbase. In April, it hit an all-time high of $64,829 before hitting a low of $30,000 in May following a 30% intraday crash,, when bitcoin was trading at around $500, he said bitcoin would top $10,000 within three years.
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