Bitcoin Predicted to Hit $250,000 in Six Months by Tim Draper

During a recent appearance at Web Summit, an annual technology conference held in Portugal, prominent venture capitalist and cryptocurrency enthusiast Tim Draper predicted that Bitcoin, the largest cryptocurrency, would be able to reach $250,000 by January.

Draper continues to believe that women will be able to push the crypto king to that price mark.

As reported by U.Today, the venture capitalist, who was an early backer of such companies as Hotmail and Skype, predicted that female Bitcoiners would be able to significantly expand the largest cryptocurrency’s user base.

According to research conducted by New York Life Investment Management, women control 51% of the wealth in the U.S.

Bitcoin is currently trading slightly above the $21,000 level after peaking at $69,000 last November.

Source