Bitcoin News Alerts | Daily BTC Macro Signal

Billionaire venture capitalist and world renowned crypto investor Tim Draper in June, 2021 doubled down on his Bitcoin $250K forecast. During an interview a year later in June 2022, Draper told Scott Melker, aka the Wolf of All Streets, that "by the end of this year or early next year" BTC would hit his $250K target.

Amid the bear market this year and speaking at the Web Summit 2022 conference, Draper said bitcoin is essentially protection "against bad governance." While the $250K prediction still rings true with Draper today, he's added a six month extension to his forecast. Draper said:

"By mid-2023 - I'm expecting to see bitcoin hit $250,000."

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The American venture capitalist and billionaire investor, Tim Draper, is still confident in his Bitcoin prediction that says the crypto asset will tap $250K per BTC. Draper said in April 2018, at the Draper University blockchain party, that he predicted: "$250K by 2022." At this year's Web Summit 2022 event, Draper said he "extended" his forecast "by six months," as he now predicts Bitcoin will tap that price range "by mid-2023."

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The founder and CEO of investment management firm ARK Invest, Cathie Wood, is doubling down on her fiercely bullish forecast for Bitcoin (BTC).

Asked in a new Bloomberg interview whether ARK Invest is still "holding on to the $1 million forecast," Wood answers in the affirmative.

According to Wood, the king crypto (Bitcoin) could go above $1 million by 2030, an increase of over 4,600% from the current BTC price.

"Oh yes. More than $1 million… by 2030."

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The entertainment industry is growing bullish about the Bitcoin story expecting the BTC price to trade above $1 million in the future.

Zac Efron's latest movie "Gold" released earlier this year shows a scene from the future where Bitcoin is trading at a price of $1.25 million per coin. It seems that the entertainment industry is quite captivated by the Bitcoin story and bullish for its future. Of course, no one knows the future. However, the fact that filmmakers have started talking about the king crypto (BTC) shows how widespread is the Bitcoin craze.

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In a new Google Tech Talks interview, macro expert Raoul Pal says that the crypto market cap of about $1 trillion could explode to $300 trillion in just a decade. If Bitcoin price were to 300x from today's value that would equate to $6,000,000 per BTC and put Ethereum at about $450,000 per ETH.

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The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin could easily go on a 3x rally before the next BTC halving event.

In a new strategy session, the analyst tells his 444,000 YouTube subscribers that strong BTC rallies usually precede Bitcoin's halvings, an event when miners' block rewards are cut in half and therefore crunching future supply.

According to the analyst, historical precedence based on the halving dates places Bitcoin around the $63,000 level by March of 2024, which would be more than a 200% gain from current prices.

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Back in April, legendary investor Cathie Wood of Ark Invest turned heads in the crypto world with a breathtaking Bitcoin price prediction of $1 million per BTC. That, of course, was before the market meltdown. Now, six months later, Ark Invest has reiterated its $1 million price target for Bitcoin.

After running the numbers, the investment firm concluded that the three basic use cases for BTC support a future market capitalization of $28 trillion, or more than $1 million per Bitcoin.

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Popular crypto analyst TechDev_52 on Twitter shared a macro Bitcoin Elliot Wave Theory chart which suggest the king cryptocurrency (BTC) surpassing 6-figures in 2023 and hitting a whopping price range between $300K - $450K in 2025.

"Remains primary macro Bitcoin idea, supported by weekly OBV.

Cycle Wave 3 consistently 3X longer than Wave 1.

Primary 3 of Cycle 3: 100-120K 2023

Primary 4 of Cycle 3: 25-45K 2024

Primary 5 of Cycle 3: 300-450K 2025

Guides trading plan and invalidation."

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Costa Rica could be one of the next countries to adopt Bitcoin (BTC) as a regulated payment method.

This week, Congresswoman Johana Obando introduced a bill to allow Bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able to serve as crypto exchanges, including custody and wallet services for their customers.

"The cryptocurrency assets market is very new. This bill wants to propose Costa Rica as an investment center for crypto-related people and companies to see Costa Rica as a growth niche."

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Macro expert and former Goldman Sachs executive Raoul Pal is predicting an unprecedented pace of growth in the market cap for Bitcoin (BTC), Crypto and Web3 projects.

In a new Google Tech Talks interview, cryptocurrency expert Pal says that crypto's market cap of about $1 trillion could explode to $300 trillion in just a decade.

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