Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
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US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the Meet The Drapers television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.
“Let me get my second prediction to actually happen, and then we’ll move on to other predictions,” Tim Draper tells Hall of Flame, refusing to be drawn on price predictions for XRP and Ethereum.
This makes sense, given it’s been six years since he forecast that Bitcoin would reach $250,000 by 2022.
Spoiler alert: It didn’t.
Which is not to say it won’t happen eventually, as Draper has been pretty far-sighted in the past.
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Optimism OP token slips 10% in week ahead of $30M token unlock
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The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock.
According to data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply — are scheduled to be unlocked on Sept. 30.
The next OP token unlock is scheduled for Sept. 30. Source: Token UnlocksAt current prices, the unlock will see a little more than $30 million worth of OP tokens hit the market, with $15.49 million going to core contributors and $14.26 million set aside for investors.
Token unlocking events form a core part of many main cryptocurrency projects, with many teams choosing to gradually release tokens to the market instead of unleashing them all at once. Typically however, unlocking events are viewed by investors as likely to put pressure on prices, as a new supply of tokens becomes available for sale.
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