Bitcoin price prediction as Tim Draper still sees the cryptocurrency reaching $250,000

BTC is consolidating just below the $17,000 level on the morning of January 7th, and closing candles above $16,750 keeps the Bitcoin price forecast bullish. Bitcoin at $16,947 is up 0.9% from yesterday at the same time. Venture capitalist Tim Draper has been a consistent investor betting on Bitcoin despite the major cryptocurrency’s 60% decline in 2022.

Draper predicts that Bitcoin’s value could reach $250,000 over the next year. “Tim Draper had one of the most positive bitcoin predictions of 2022,” CNBC said, “predicting the token will be worth $250,000 by the end of the year.” At the end of 2021, the value of bitcoin reached about $70,000, but it experienced a sharp decline in 2022, and Draper confirmed his forecast for the next year.

Over the past year, Bitcoin has followed stocks and bonds in decline as rising inflation has reduced investors’ appetite for virtually all investment assets. After the bankruptcy of the cryptocurrency exchange FTX, the price of bitcoin continued to fall. However, until today Draper stands by his bold predictions for 2023.

US Department of Justice to seize FTX-linked Robinhood shares

Seth Shapiro, the lawyer of the US Department of Justice, said during the court hearing on the bankruptcy of FTX in the state of Delaware on January 4. The US government was in the process of seizing 56 million shares of Robinhood Markets. The stake is worth about $460 million and is tied to FTX founder Sam Bankman-Fried (SBF).

According to a Robinhood filing with the Securities and Exchange Commission (SEC) last May, Bankman-Fried was the sole director and majority owner of the companyand Emergent Fidelity Technologies bought a 7.6% stake in the company.

FTX’s current management, Bankman-Fried, a specific FTX lender, and Blockfi, a cryptocurrency lender that filed for bankruptcy last November, have now contested ownership of Robinhood shares.

The new management of FTX asked Delaware bankruptcy court to keep assets frozen until the court can resolve the concerns fairly to all creditors. This is due to multiple parties claiming Robinhood actions.

The The next court date is set for January 20, 2023 and the sitting judge took the entire day to focus on FTX, Robinhood shares and any new developments in the case.

After the FTX bankruptcy, the cryptocurrency market fell sharply. Moreover, any information about it can significantly affect the entire cryptocurrency market and Bitcoin.

Bitcoin price

Current price of Bitcoin $16,947, with a trading volume of $13 billion in the last 24 hours. Bitcoin failed to break the psychological resistance level of $17,000.

In the 4-hour period, BTC is positive due to the bullish channel A close above $16,775 could trigger a pullback.

Bitcoin Price Chart – Source: Tradingview

If Bitcoin breaks below $16,775 today, it may fall to the next support level of $16,450. Note the $16,775 price action: If BTC continues to show a buying trend above this level, it may continue to rise for a few days.

Cryptocurrencies to watch for profit

The global cryptocurrency market is uncertain, but several new cryptocurrencies are making headlines and are interesting to watch. Let’s explore the opportunity to take advantage of it!

Fight Out (FGHT)

It works in the same way as the Fight Out Platform (FGHT). personal sports trainer, except that the FGHT badge is an award for training periods. All activities are recorded and can be used to improve the stats of his metaverse avatar. opportunity Earn FGHT tokens It adds an extra incentive for people to stay healthy and exercise while taking advantage of blockchain technology.

Despite the general lack of liquidity in the cryptocurrency market, Fight Out was successful and attracted investors. Thanks to the token sale that started last week, it already is It has collected more than 2.6 million dollars. Current sale price 60.06 FGHT for 1 dollar (FGHT can be purchased with ETH or USDT), but this will increase as the sale progresses.

Dash 2 Trade (D2T)

Dash 2 Trade is another Ethereum based platform launch early next year, will provide real-time analytics and social commerce data. Trading signals, chain analytics, strategy building tools, and news feeds will be among its initial features, helping new and experienced traders track the volatile cryptocurrency market.

The The D2T token sale raised over $13.4 million and is expected to close tomorrow, providing early investors with a window of opportunity that will close quickly. On January 11, the altcoin will be listed on the first exchangeWith LBANK Exchange, Changelly Pro and Bitmart have been confirmed as initial trading platforms to support it.

To accommodate those who may have missed the initial investment window, the Dash 2 Trading team decided to hold an event. 5th stage (or “excess funding round”) prior to the sale An additional 36,000,000 tokens will be sold at a price of $0.0556.. raising an additional $2,001,600.

D2T is overfunded at $0.0533, 4% higher than its previous price. The current funding total for the project is $15,421,600.

C+Charge (CCHG)

C+Charge (CCHG) a Binance Chain-based peer-to-peer payment system for electric vehicle charging stations (VE). Due to launch in the second quarter of next year, it aims to increase access to carbon credits by rewarding consumers who charge their electric vehicles at their terminals.

The platform has already signed a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network, showing how fast it can grow. 1 CCHG is currently trading at $0.013 and can be purchased with BNB or USDT. The pre-sale has already raised over $90,600.

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Crypto news

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