So, how high is about to go? Analyst Willy Woo thinks it’s going to hit $135,000. It’s a “common-sense prediction” he told RT’s Keiser Report. Tim Draper is betting even higher. The venture capitalist has moved his money out of the stock market (too “frothy”) and put it into Bitcoin and other cryptocurrencies (a “safe haven.”) He expects BTC to reach $250,000 in 2022 or the start of 2023. It’s no wonder that so many Bitcoin whales continue to hodl. According to one study, only 41.6 percent of BTC supply moved over the last twelve months. Some 42 percent of Bitcoin hasn’t moved in two years.
India isn’t put off. The country has now lifted its ban on cryptocurrency trading, while Germany has made a decision: cryptocurrencies are “digital representations of value.”