Bitcoin (BTC) will have a 5% market share of the entire world by 2023, serial VC investor Tim Draper told FOX Business in an interview on May 10.
Speaking on the sidelines of the Salt Conference in Las Vegas, Draper — who has become a stalwart bitcoin advocate — said the largest cryptocurrency would continue to gain dramatically in price.
“I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin,” he continued. Draper then stated:
“Because I would then require no accounting, no legal, no bookkeeping, no custody — it would all be done.”
Draper, who is also a major supporter and investor in smart contract and decentralized application platform tezos (XTZ), previously made one of the industry’s most bullish predictions for the Bitcoin price, in November claiming that by 2023, a single coin would be worth $250,000.