Tim Draper, a well-known venture capitalist and Bitcoin enthusiast, recently made headlines when he maintained his confidence in the long-term value of Bitcoin despite missing his 2018 price forecast. Draper had predicted that Bitcoin would reach $250,000 by the end of 2018, but the cryptocurrency ended the year at around $3,800. Despite this, Draper remains optimistic about Bitcoin’s future.

At the recent World Economic Forum in Davos, Switzerland, Draper discussed his outlook on Bitcoin and its potential to revolutionize the global economy. He believes that Bitcoin will become a major currency in the next five years and that its value will continue to rise over time. He also noted that Bitcoin’s underlying technology, blockchain, has the potential to revolutionize the way we do business.

Draper has been a vocal supporter of Bitcoin since its early days and has been an investor in many cryptocurrency-related projects. He is one of the most prominent figures in the cryptocurrency space and his opinion carries a lot of weight. His continued confidence in Bitcoin’s long-term value is a sign that he still believes in its potential to revolutionize the global economy.

Despite missing his 2018 price forecast, Draper remains confident in Bitcoin’s long-term value. He believes that it will become a major currency in the next five years and that its underlying technology, blockchain, has the potential to revolutionize the way we do business. His continued confidence in Bitcoin is a sign that he still believes in its potential and is optimistic about its future.