New Tim Draper Prediction: Bitcoin price will hit $250.000 by 2022
A well-known venture capitalist and founder of Draper Fisher Jurvetson expressed the opinion that within the next four years the price of “digital gold” will grow about 30 times and by 2022 will reach $ 250.000. It is not first time when Tim Draper prediction was so optimistic. This is reported by Bitcoinist.
During his speech at the Blockparty 2018 at the Draper University in San Mateo, California, the investor encouraged listeners to ignore the opinions of those who expressed somewhat more restrained and pessimistic predictions.
“I’m thinking $250,000 a bitcoin by 2022… Believe it, it’s going to happen; they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!” he said.
Earlier, Bitcoin enthusiast forecasted a price increase of up to $ 10,000 in 2017 – three years before that really happened in 2017. At that time, the Bitcoin value fluctuated at around $ 300.
Tim Draper has bought an impressive amount of Bitcoins during the US government auctions. In 2014, Tim Draper purchased nearly 32.000 BTC at an auction of the Silk Road market, confiscated by the US authorities. Then he paid for this amount of coins about $18 million. But today his bitcoin asset costs more than $250 million.
While the price of bitcoin fell, he continued to speak optimistically. Before the start of the 2018 Block (Chain) Party, the investor said:
“The blockchain is one of the most transformational technologies that has happened in the history of the world, and it is totally worth celebrating”.
Other famous investors also deny the prevailing view that the bubble burst and the bitcoin price will never rise to the previous $ 20.000. For example, David Drake, head of LDJ Capital, believes that by the end of 2018 the price of the leading cryptocurrency will grow up to $ 30.000.