$250K Bitcoin? Tim Draper says halving, Bitcoin ETFs will drive demand

Speaking to Cointelegraph during Paris Blockchain Week, Draper reiterated his belief that Bitcoin would drastically increase in value considering several factors in 2024.

He also highlighted the appeal for investors who want their respective fund managers to continue managing their portfolios. Access to a Bitcoin ETF allows investors to continue working with Fidelity or JPMorgan and have this new asset class managed as part of their wider investments. The venture capital investor added that Bitcoin continues to be a “place of great security” against inflation.

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