Venture capitalist Tim Draper has reiterated his prediction that Bitcoin will reach $250,000, but has shifted the timeline to 2025 due to the US government's crackdown on crypto.
Draper believes that wider adoption of Bitcoin will still happen despite the government's actions, as BTC has many benefits over traditional finance systems.
He also predicts that retailers will soon start using Bitcoin more, and that this will happen around the same time as the halving, which is estimated to take place on April 14 of next year.
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