Tim Draper predicted a price of $ 250,000 in 2018 and he is calling it "absolutely solid".
Tim Draper, a billionaire investor and well-known name in the cryptocurrency world, says his forecast of bitcoin to be worth $ 250,000 by 2022 underestimates the power of bitcoin. Tim Draper is an American venture capital investor, and the founder of Draper Fisher Jurvetson, Draper University, Draper Venture Network, and Draper Associates.
Tim Draper predicted a price of $ 250,000 in 2018 and he is calling it "absolutely solid" while maintaining his popular bitcoin price prediction. He says that his price prediction of $ 250,000 by 2022 underestimates the power of bitcoin. Inflation and mistrust on the government will boost the price of bitcoin.
Speaking to BlockTV, Draper stated his famous $ 250,000 bitcoin price prediction as conservative. BlockTV is a video news source for the blockchain and cryptocurrency market community. According to Draper:
"$250,000 means that bitcoin would then have about a 5% market share of the currency world and I think that may be understating the power of bitcoin."
Disclaimer & Suggestion : Please always do your due diligence before investing in any cryptocurrency or project. This should not be treated as financial advice.