Billionaire Draper Mocks Bitcoin Sellers: ‘They Must Want to Be Minnows’

Legendary venture capitalist Tim Draper already has he reacted to the most recent correction of Bitcoin, mocking those who sell their coins.

“I heard some whales are selling. You must want to be fish,” said Draper.

Earlier this Thursday, the main cryptocurrency by market capitalization fell to just $101,411, reaching its lowest level in about four months.

The leading cryptocurrency is now down 19.7% from the all-time high of $126,080 that was logged on October 6. The cryptocurrency is now entering the territory of technical correction.

Draper’s forecast of $250,000

As reported by U.TodayDraper predicted that Bitcoin could finally reach its oft-repeated $250,000 price this year.

However, the uber-bullish target now appears to be out of reach.

According to Polymarket bettors, Bitcoin has only a 1% chance of hitting $250,000 this year.