Former SEC Chair says the approval of a spot #Bitcoin ETF “is inevitable.” 👇

The world's 3rd largest asset firm w/ $4.2 Trillion in assets just released an Investment Thesis for #Ethereum - ETH an aspiring money - ETH as a store of value - ETH as a yield bearing asset #TradeFi is waking up to #ETH and #DeFi By @RyanSAdams 👇

💥💥💥 @TimDraper Timeline of #Bitcoin Predictions: - In mid 2014, Tim Draper paid almost $19 Million for 29,656 Bitcoins confiscated from Silk Road via the U.S. Marshals Service auction. At the time, the price of Bitcoin was only ~$632, so Draper has already made an absolute killing. - In September, 2014, in an interview with Fox Business, Draper claimed #BTC would hit $10,000 USD in three years: "I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic." Draper predicted correct, as 3 years later Bitcoin hit almost $20,000 during the 2017 bull run, which was virtually double his initial $10k prediction. - Next, in April, 2018, when Bitcoin was trading at ~$8,000 the well-known billionaire investor forecasted that the price of Bitcoin would reach $250,000 by the year 2022, at the Draper Block(chain) party in California. “I’m thinking $250,000 a bitcoin by 2022,” said Draper. “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!” He repeated his bold prediction in a tweet the following morning: "Serious winds (of change) at our block (chain) party last night. Predicting bitcoin at $25k by 2022," causing confusion among investors. But he clarified in an afternoon tweet shortly after that $250,000 was the correct figure: "Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!" To put that number into perspective, the price of bitcoin would have had to increase in price 30x from what it was ($8k) at the time he made the prediction to reach that projected number. Over the years, the legendary investor has reiterated his $250k prediction multiple times since, ignoring major bear markets and the fallout from the collapse of major crypto exchanges and investment firms. - In June, 2021, Draper doubled down on his $250K Bitcoin price prediction: “I think I’m going to be right on this one,” Draper tells CNBC Make It. “I’m either going to be really right or really wrong [but] I’m pretty sure that it’s going in that direction,” Draper said. That’s because Draper believes Bitcoin is going to be “much more in use by then.” “Give it about a year and a half and retailers will all be on Opennode [a bitcoin payment processor], so everybody will accept bitcoin,” Draper predicted. “Then beyond that, I think [bitcoin] continues up because there are only 21 million of them,” said Draper. By virtue of its code, only 21 million bitcoin can be “mined.” So far, more than 18 million bitcoin are already in circulation. -In June, 2022, Draper again doubled down on his bitcoin price prediction of $250,000. In an interview with @ScottMelker , Draper was asked if he still believes the price of bitcoin would reach $250K this year (2022). He replied: "Yeah, by the end of this year (2022) or early next year (2023)." Draper further explained why he believes the price of BTC will surpass his prediction: “One thing that will possibly likely happen - and I don’t know exactly when - is that the women will start using bitcoin.” The venture capitalist noted that previously only one in 14 bitcoin holders were women. “Now, it’s something like one in six and I think it will eventually be even,” he said. “Women control about 80% of retail spending and retailers haven’t yet realized that they can save 2%, and they usually run on very thin margins so that might be like double their profits. They can save 2% just by accepting bitcoin instead of taking a bank-issued credit card. And that can change everything... All of a sudden. All the women will have bitcoin wallets and they will be buying things with bitcoin and you are going to see a bitcoin price that will just go right through my $250,000 estimate." - In March, 2023, in another podcast discussion with Scott Melker, Draper changed his Bitcoin price increase timeline: “I’m guessing $250,000 Bitcoin. I expected it before June, but it may be delayed. We’re running. It may occur. Three months before the halving, I think” he added. Draper was referring to the upcoming “halving” event, which is expected to take place in April, 2024. Mining rewards will be 50% lower during this event. He expects Bitcoin’s price to rise three months before the halving, reaching $250,000 by early 2024. - In June, 2023, Draper shares his new outlook. Initially, Draper projected the achievement of the $250,000 milestone by the end of 2022 or early 2023. However, he now reveals that current market conditions have compelled him to reevaluate his estimate. According to his latest assessment, Bitcoin’s ascent to $250,000 may take until 2025. Despite Bitcoin’s current trading value of sub $30,000 which falls far short of Draper’s audacious target, the esteemed investor remains resolute in his unwavering belief. "So much for my predictive abilities... It is June 30, 2023. When Bitcoin was $4000, I predicted it would reach $250k (60X) by now. It has only reached $30k (7X). I guess we have to wait a little longer, (maybe 2 years) but engineers are hard at work." And when asked if he was planning to dump his BTC, he responded: "I plan to hold it until I can invest it in companies that keep a total walled garden in bitcoin. Then I hope to earn more bitcoin." 😎🚀

#Bitcoin long-term holders supply reaching a new high By @WClementeIII 👇