Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: 'The dam is about to break' By: CNBC.com News December 05, 2022 at 04:56 AM EST Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023. Read More >> Related Stocks: Bitcoin (Bitstamp) Bitcoin Composite