Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break' [CNBC]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CNBC
Draper previously predicted that bitcoin would top $250,000 by the end of 2022, but in early November, at the Web Summit tech conference in Lisbon, he said it would take until June 2023 for this to materialize. He reaffirmed this position Saturday when asked how he felt about his price call following the collapse of FTX. “I have extended my prediction by six months. $250k is still my number,” Draper told CNBC via email. Bitcoin would need to rally nearly 1,400% from its current price of around $17,000 for Draper's prediction to come true. The cryptocurrency has plunged over 60% since the start of the year. Digital currencies are in the doldrums as tighter monetary policy from the Fed and a chain reaction of bankruptcies at major industry firms including Terra, Celsius and FTX have put intense pressure on prices. FTX's demise has also worsened an already severe liquidity crisis in the industry. Crypto exchange Gemini and lender Genesis are among the firms said to be impacted
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Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MA's page on the SEC website