Bitcoin Breaks $26,000, Tim Draper Says BTC Will 10X ‘by End of 2022 or Early 2023’

According to data from TradingView, around 17:15 UTC on Saturday (December 26), the Bitcoin price almost broke through the $26,000 level on Coinbase to hit a new all-time high (ATH) of $25,950.

What is very impressive about Bitcoin’s weekend price action is that the BTC price broke through the $25,000 only three hours earlier (at 14:10 UTC on December 26).

Anthony Pompliano (aka “Pomp”), Co-Founder and Partner at Morgan Creek Digital Assets, seems to to think that BTC degens will not relax until Bitcoin breaks the $26K level on December 26th.

And just seven minutes before the Bitcoin price set a new ATH ($25,950) on Coinbase, legendary American tech investor Tim Draper, a co-founder of venture capital firm Draper Fisher Jurvetson (DFJ) and an early investor in quite a few unicorns, including Hotmail, Skype, Tesla, SpaceX, and Twitter, predicted that the Bitcoin price would be around 10X what it is today by the end of next year or by early 2023.

Meltem Demirors, the Chief Strategy Officer (CSO) at digital asset investment firm CoinShares, finds it extremely bullish that crypto derivatives exchange Deribit has just introduced BTC option contracts with a $120,000 strike price.

And finally, crypto analyst Lark Davis said earlier today that he believes that the Bitcoin price could reach $100,000 as early as the end of next year.

Featured Image by “makamuki0” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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