110: Will Jack Dorsey Help Propel Bitcoin to $250,000?! | Bullish BTC Price Indicator Flashes Green Again

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - January 27, 2020 14:06 - 16 minutes - 7.77 MB - ★★★★ - 537 ratings
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Jack Dorsey of Twitter and Square Crypto is working to solve the Bitcoin scalability problem. A multi-trillion-dollar market cap could be at stake.

Tim Draper has not backed off his Bitcoin prediction that the BTC price will skyrocket to $250,000 in 2023. The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the surge in valuation.

Developments such as the Open Node and Lightning Network are helping Bitcoin’s cause. Nevertheless, Draper believes that more engineering needs to be done so that the number one Crypto can become a widely-used currency.

Fortunately, Jack Dorsey is hard at work to help create the infrastructure so that Bitcoin (BTC) can become the “native currency” of the internet.

Draper believes that the Bitcoin price can get to $250,000 if people start using it for day-to-day payments. Currently, the top cryptocurrency is having a huge problem with scaling. It can only process seven transactions per second. This means when buying coffee, it will get cold before the merchant receives payment.