Draper Predict Bitcoin Price :$250,000 by 2022





The cryptocurrency investor and well- known venture capitalist Tim Draper has revealed his four-years prediction again. Draper, who correctly predicted bitcoin's price would surpass $10,000 USD per coin by 2018, believes in just four years the price will be $250,000.

Tim Draper who has invested early in some of the most successful technology-based companies like SpaceX and Cryptocurrency angel predicted on April 13 that the bitcoin price to achieve $250,000 by the end of 2022. 
"Serious winds (of change) at our block(chain) party last night," Draper writes to his followers on Twitter.
" I predict $250k by 2022"


Draper is a strong believer in cryptocurrency solutions and blockchain technology. He has been a popular figure among the bitcoin community for quite some time now. Draper predicted four years back in 2014 before it happens that by 2018 the price of bitcoin would be above $10k.

The bitcoin price rises across the $8,000 mark earlier this week, supported by a massive spike in buy volumes across all major cryptocurrency exchanges. Analysts explained that a sudden surge in demand from institutional investors and inflow of new capital may have triggered the surge in the bitcoin price.

A price of $250,000 would lead to a $5 trillion market valuation of bitcoin. At it peak, the cryptocurrency market was valued at around $900 billion. It would require the bitcoin price to increase by more than 31- fold within a 4-year span for it to surpass $2500,000.

Tim Draper is not the only investor who's bullish about bitcoin's price reaching new highs. fundstrat advisor and co-founder Tom Lee still believes bitcoin will outpace last year's all-time high by the year's end. Lee had also predicted bitcoin would rally to $10k by the end of 2017 and his forecast came true.
This week the well-known hedge fund Pantera Capital detailed that $6,500 was bitcoin's low and expects the price to touch $20,000 by the end of 2018. Also, the founder and chairman of investment firm LDJ Capital, David Drake, believes bitcoin's price will top $30,000 by the end of the year according to News.bitcoin.


News.bitcoin claim that Draper declared that digital currencies will dominate fiat currencies in five years time at the 2017 Web summit. The investor stated during the summit:
" In five years, if you try to use fiat currency they will laugh at you- bitcoin and other cryptocurrencies will be so relevant- there will be no reason to have the fiat currencies."

Following 2017 Web summit, Draper explained in an interview this year that he believes "Bitcoin is the future currency". The venture capitalist explains, "people ask me, 'are you going to sell your bitcoin for fiat? and I say, 'Why would I sell the future for the past?'" 

What do you think about Draper prediction that bitcoin will be $250,000 by 2022 comment below 




Spread the news:

Comments