Recap Of Paris Blockchain Week: With The Approaching Halving Of Bitcoin, Optimism Was High

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Paris Blockchain Week did not let down, from Tim Draper’s $250K BTC prediction to Ubisoft’s newest web3 game. The fifth annual Paris Blockchain Week, an exclusive event spanning three days and including panels, debates, and presentations by a varied range of global industry professionals, has finally finished. Cointelegraph was there to document the moments of significance, and there were many. Here’s a rundown of everything you missed during Blockchain Week France as we flip the page on our calendars and get ready for the next major event: the anticipated halving of Bitcoin on April 20.

Will Bitcoin Reach $250K Post Paris Blockchain Week?

By the end of the year, venture capitalist Tim Draper—whose unicorn portfolio includes notable firms like Tesla, Baidu, Coinbase, and Twitch—thinks Bitcoin will have surged over its current all-time high of almost $72K per coin. In an interview with Cointelegraph, Draper said, “If I had to guess, maybe we could see $250,000 by the end of the year; I mean, it’s looking pretty good.” If Draper’s impressive quarter-million estimate for Bitcoin wasn’t audacious enough, Yoni Assia, the CEO of eToro, told Cointelegraph that the company thought the market would be valued at $100 trillion in the next ten years. In contrast, at the time this article was published, the value of the world market for gold, the precious metal, was around $16.18 trillion. However, that may not be the most intriguing prophecy that Asia offered us. Additionally, they claimed that because it is “very hard to define what consciousness is,” “the crypto community will be the first to identify singularity,” a hypothetical point in human history when an artificial intelligence (AI) entity effectively becomes more capable or intelligent than any human.