BITCOIN TO HIT $250,000 IN 2022, TIM DRAPER PREDICTS
Tim Draper has an undergraduate degree in electrical engineering from Stanford University and an MBA from Harvard. He comes from a long family line of venture capitalists.
Tech billionaire Tim Draper, an avowed cryptocurrency bull, has set a $250,000 bitcoin price target for 2022.
Tim, who made this audacious prediction April 12 at the 2018 Block (Chain) Party at his self-named Draper University in San Mateo, California.
“I’m thinking $250,000 a bitcoin by 2022,” Tim said (via Reddit).
“Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!” ?
Tim Draper has a fairly good track record for predicting bitcoin price movements, so market observers are not taking this with a pinch of salt.
In 2015, the venture capitalist accurately predicted that bitcoin would top $10,000 by the end of 2017. BTC prices soared above $13,000 on December 31, 2017.?
Tim also predicts that blockchain will disrupt and transform finance, healthcare, and many other industries.
“It’s honest, it’s straightforward, it’s incorruptible, and it’s fair,” he said.
Shortly before the Block (Chain) Party, Draper signaled his unwavering confidence in blockchain, the technology undergirding cryptocurrencies.
“The blockchain is one of the most transformational technologies that has happened in the history of the world,” he told the San Mateo Daily Journal. “And it is totally worth In 2014. ?
Draper made headlines after buying 30,000 bitcoins for $600 apiece (total price paid: $18.5 million) at an auction by the U.S. Marshals Service, a law-enforcement arm of the Department of Justice. The Justice Department frequently auctions off property seized during criminal raids.