'BTC will keep on going' says Tim Draper, while Bitcoin breaks $6,400

10 May, 2019
by Joeri Cant
Bitcoin
'BTC will keep on going' says Tim Draper, while Bitcoin breaks $6,400

Billionaire Tim Draper, one of the crypto space's most bullish figures, told FOX Business in an interview that BTC will have a 5% market share of the entire world by 2023.

The Draper Associates founding partner Tim Draper, told FOX Business’ Liz Claman, that the world's most popular cryptocurrency is 'going to keep going'.

'I am a believer that in four years, something like that, Bitcoin will be about a 5% market share of the earth.'

Although the host of 'Countdown to the Closing Bell', Liz Claman, had a bit of a chuckle with that statement, Draper continued by pointing out that Bitcoin is the better currency.

Eventually, Draper wants to create a fund using its blockchain technology to eliminate the cost of accounting, legal and bookkeeping.

'I eventually want to have a fund where I take in Bitcoin and I fund everybody in Bitcoin and they pay their employees and suppliers in Bitcoin and then I pay my investors in Bitcoin.'

'Because I would then require no accounting, no legal, no bookkeeping, no custody, it would all be done', Draper said.

Draper, who is one of the crypto space's most bullish figures, continues to double down on his bullish sentiment that Bitcoin could reach $250,000 a coin by 2023.

Today we see Bitcoin surging above the $6,400 mark while showing yet again an impressive gain of around 5.5% on the day, and almost 11% over the past 7 days.

BTCUSD Chart by TradingView

Just yesterday Chepicap reported that Bitcoin might surge all the way to $8,000 if BTC can break $6,400.

Although CNBC contributor, and founder of KKM Financial, Jeff Kilburg warned to be cautious, and to expect Bitcoin to be due for a possible pullback, he fully agrees when another crypto analyst pointed out the possibility for the world's number one cryptocurrency to break through the $6,400 level and surge all the way towards the $8,000 price mark.

Max Keiser: BTC to $400K? Bitcoin to make new ATH with stock market about to crash Subscribe to the Chepicap YouTube Channel for more videos!

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