• In 2022, the crypto market suffered a huge 60% drop in Bitcoin’s price and a $1.3 trillion loss in market value.
• Billionaire venture capitalist Tim Draper believes that Bitcoin will reach the $250,000 mark by the end of the year.
• BitStarz player recently hit a record win of $2,459,124 on their platform.
The year 2022 has been a tumultuous one for the crypto market, with Bitcoin, the world’s largest cryptocurrency, suffering a major price drop of over 60%. This, combined with a massive $1.3 trillion market value loss, has left investors reeling and seeing the value of their portfolios taking a hit. Some have even lost nearly all of their money in the process.
However, despite the pessimism and dark forecasts surrounding Bitcoin, there are still some optimists in the market. Billionaire venture capitalist and Bitcoin investor Tim Draper, who has long been a proponent of the cryptocurrency, is one of those optimists. He maintains his previous forecast that Bitcoin will reach a whopping $250,000 by the end of the year.
Draper was one of the earliest investors in Bitcoin, having paid $19 million for around 30,000 BTC seized from the dark web marketplace Silk Road and sold at auction by the United States Marshals Service back in 2014. When one BTC was trading at around $8,000 in 2018, Draper made his audacious $250,000 Bitcoin price prognosis. He declared that he would either be “really right or really wrong” in his prediction.
Adding to the optimism in the crypto market is a recent record win by a BitStarz player. The player hit an incredible $2,459,124 jackpot on the platform, providing a much-needed boost of enthusiasm among crypto investors. BitStarz has also recently announced a promotion offering 5 BTC and 300 free spins for new players, as well as 15 BTC and 35,000 free spins every month for existing players.
In spite of the struggles that the crypto market has faced in the past year, there are still some positive developments that indicate a potential recovery. With Draper’s $250,000 Bitcoin price prediction, as well as BitStarz’s record-breaking jackpot win and promotions, investors have some reasons to feel optimistic about the future of the crypto market.