Billionaire venture capitalist Tim Draper believes Bitcoin is hurtling toward a staggering $250,000 Bitcoin price tag.

In a new exchange with the Observer, Draper says the king crypto (BTC) is at the start of a parabolic rally that will see Bitcoin generate gains of more than 900% in less than two years.

Even if Bitcoin fails to go on a meteoric ascent by June this year, Draper says that the timeline could be extended to the end of next year.

“I am almost 100 percent sure I will be right in 18 months.”

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