Tim Draper news

Timothy Cook Draper is an American venture capital investor. Draper purchased at a US Marshals Service auction seized bitcoins from the Silk Road marketplace website.

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Tim Draper Reaffirms Bitcoin’s Value Will See $250,000 BTC/USD By Early 2023

Renowned American Venture Capitalist, Tim Draper has reiterated his claim that Bitcoin’s price will hit $250k by 2023. The billionaire investor and founder of Draper Associates was on Yahoo Finance to announce the launch of Grit BXNG and spoke about Bitcoin price in the near future. While at Yahoo Finance, Draper announced that he was […]
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Bitcoin Price On Way To $250,000 By Q1 2023: Tim Draper

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future. Boxing and Bitcoin Billionaire venture capitalist and Bitcoin bull Tim Draper is making media waves again. Draper is well known for predicting that Bitcoin will top $250,000 by 2022 and on Thursday he discussed the prediction with Yahoo Finance.  Draper told Yahoo Finance‘s YFi PM that Grit BXNG, a boxing gym Draper invested in, will accept BTC. According to Draper, this would make the Grit BXNG the first gym in America to accept Bitcoin.  The gym also pays instructors a startling $1,000 per hour. The company pays this rate to acquire best trainers from all around the world and co-founder Tony Robbins explained that “trainers are the new superstars, without a great trainer you’ve got nothing.”  Robbins said, “we’re okay paying that kind of money because we’re all about the talent. If you hire the best talent people will come back.”  $250,000 by 2022 Regarding his $250,000 Bitcoin price prediction, Draper said:  250,000 by 2022, and I’m hedging a little, maybe Q1 2023. It may be Q1 2023, but it will be [$250,000] before that.”  Many analysts have adjusted their price estimates upwards due to their belief that Bitcoin will rally higher than expected due to the US-China trade war and other macroeconomic factors. Draper declined to raise his price target.  Draper believes that Bitcoin still has a strong use case as a payments mechanism and not just a store of value. This is exactly why he urged Grit BXNG to accept BTC payments as the company would be able to circumvent the expensive payment processing fees associated with credit card payments.  Draper said:  I’m the first customer he’s had who paid in Bitcoin, and by the way, I as a little reticent to do it because I know what that stuff’s worth.”  Draper also referenced Facebook’s Libra cryptocurrency during the discussion and he suggested that Bitcoin will remain in a different category from its competitors because of its decentralization.  Regarding Bitcoin’s impressive price action since April, Draper said:  You know it’s interesting, it’s consolidated more than I thought it would. I thought there would be many more competitors at this point that were really relevant, but people have consolidated toward Bitcon because it’s decentralized and that’s why they get flack at Facebook for being a centralized currency.”  At the time of writing, BTC is consolidating within a narrowing symmetrical triangle and the digital-asset will need a high volume spike to help it blast above $12,000 and take out the $12,350 resistance. If Bitcoin price is able to sustain above $12,350, then $12,500 is the next target, followed by another go at the 2019 all-time high.   Do you think Draper’s BTC price prediction will come true? Share your thoughts in the comments below!  Images via Bitcoinist Image Library The post Bitcoin Price On Way To $250,000 By Q1 2023: Tim Draper appeared first on Bitcoinist.com.
Bitcoinist

Tim Draper Stretches His Bitcoin Price Prediction By a Few Months

The name “Tim Draper” is likely known to most cryptocurrency enthusiasts at this stage. As one of the world’s leading hedge fund managers, the man built a name for himself in the digital currency arena by serving as one of crypto’s earliest adopters. He has not only made predictions on its price, but has seemingly purchased crypto when, to an extent, nobody else wanted it.  Tim Draper Is Changing His Prediction a Bit We’re talking, of course, about when Draper first purchased all the illicit bitcoins garnered by Ross Ulbricht, the notorious developer of the Silk Road dark web platform. When Ulbricht was first caught and imprisoned, the bitcoin stash he had been accumulating for several years was ultimately auctioned off by police authorities. The auctions occurred in three separate rounds, and Draper was the man to dominate the first, purchasing more than $40,000 worth of the cryptocurrency. No doubt he’s made a ton of money on the investment since then. At press time, Draper is backtracking a bit on his recent prediction of a $250,000 price for bitcoin by the year 2022. While he’s still confident this price will be reached within the next few years, he’s now stretching the time domain somewhat by claiming the price could be reached by the first quarter of 2023. This isn’t too off the mark from his original prediction, but he wants to ensure his followers are right on top of the action so that should bitcoin fail to reach that initial price within three years, they’ll give it a few months of “catch up” time. In a recent interview, Draper explains his reasoning for the slight change and states:  $250,000 by 2022, and I’m hedging a little, maybe Q1 of 2023. It may be Q1 of 2023, but it will be [$250,000] before that. Draper also commented that bitcoin, for the time being, is being viewed as something of a “safe haven” against the potential dealings of the U.S.-China trade war initiated by President Donald Trump. Draper says that more people are viewing cryptocurrency as a means of keeping themselves and their assets safe, and that it’s no longer just a “speculative” tool.  Why People Love Bitcoin He comments:  You know, it’s interesting. [Bitcoin] has consolidated more than I thought it would. I thought there would be many more competitors at this point that were really relevant, but people have consolidated toward bitcoin because it’s decentralized and that’s why they get the flack at Facebook for being a centralized currency. In the end, he says people trust bitcoin not only because it’s the largest form of cryptocurrency, but because it’s not controlled or issued by any bank or traditional institution. People want to be free from supervision, and bitcoin gives them the financial freedom they’re looking for. The post Tim Draper Stretches His Bitcoin Price Prediction By a Few Months appeared first on Live Bitcoin News.
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Venture Capitalist Tim Draper Drives $250k Bitcoin Price Prediction To Q1 2023

Tim draper is not shy when it comes to predicting the price of bitcoin. In 2014, he predicted that bitcoin would hit $10k by the end of 2017, which it did. The bitcoin bull first made the $250k prediction by 2022 in April 2018 during the crypto winter. He has not wavered in this forecast and once again reiterated his belief during an interview with Yahoo! Finance that despite the current downtrend, bitcoin will cross $250k by Q1 2023. People Have Consolidated Towards Bitcoin Because It’s Decentralized – Tim Draper During the interview, Tim explained that the prevailing market trends may slightly slow down bitcoin’s rally making 2023 the year when this prediction materializes. He stated: “$250,000 by 2022, and I’m hedging a little, maybe Q1 2023. It may be Q1 2023, but it will be $250,000 before that.” When asked whether he thinks bitcoin will surpass his $250k call owing to the new safe-haven status that bitcoin has achieved, he responded: “It’s consolidated more than I thought it would. I thought there would be many more competitors at this point that were really relevant, but people have consolidated towards bitcoin because it’s decentralized.” Growing Geopolitical Tensions Are Putting Bitcoin On The Map  This week has seen more investors flood the bitcoin market as they seek a safe haven with the growing US-China trade wars. Undeniably, bitcoin spiked while stocks plummeted just as Draper noted during the interview. Additionally, the imminent no-deal Brexit will fortify bitcoin’s safe-haven status as one analyst, Nicholas Gregory believes. According to The Independent, Nicholas, the CEO of blockchain infrastructure company CommerceBlock said: “Come 2020, we expect an increasingly populist and politically unstable world to cement the safe haven status of Bitcoin and other cryptocurrencies more generally. And if central banks revert to ramping up the money printing all over again, the case for cryptocurrencies like Bitcoin whose supply is capped will be further reinforced.” Bitcoin Price Watch Since the beginning of the week, the price of one bitcoin has been hovering around the $11,000 area. Today in the early hours, bitcoin soared to $12,050 but the bulls were unable to support it at the $12k zone as the price slipped back and is currently trading at $11,743.15 with 0.3% 24-hour gains and 13.2% weekly gains as per CoinGecko. Nonetheless, trader and daily commentator Josh Rager is bullish as ever despite this week’s downtrend. Josh alludes that bitcoin could have its highest weekly close in 2019 if it does not consolidate further. “If #BTC can hold on for three more days, price has the chance to close its highest on the weekly chart in 2019,” he noted. Looking back at the time when bitcoin traded at $3,200 lows during the bear market then surged this year to over $13,000, one thing is evident: the bulls have great potential. Therefore, following the recent consolidation, bitcoin could be poised for impressive gains, maybe even reach the $250k projection that Draper mentioned. The post Venture Capitalist Tim Draper Drives $250k Bitcoin Price Prediction To Q1 2023 appeared first on ZyCrypto.
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Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023

Crypto bull and venture capitalist Tim Draper has disclosed that it could take a little longer for his Bitcoin price target of $250,000 to be reached. Speaking to Yahoo Finance, Draper said that while Bitcoin price could still reach $250,000 by 2022, he was not restricting himself to that timeline as the target might instead […] The post Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023 appeared first on CCN Markets Tim Draper is still confident Bitcoin price will reach $250,000 but now says it could happen in 2023 quarter one not in 2022.
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CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

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DIGEST

Quotes, Week 17 ’18

Bill Harris, Kosala Hemachandra, Daniel Larimer and Tim Draper speaking on cryptocurrency and blockchain issues

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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
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Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
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Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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