Bitcoin Price to Hit $250K in 2022, Predicts Tim Draper

Tim Draper, an American Venture capital investor, still stands by a bitcoin value prediction he made in mid-April 2018 at the Draper University blockchain party. At that time, Draper said he thought bitcoin could hit $250K by 2022, and during a meeting with CNBC’s Jade Scipioni this week, Draper reiterated his six-figure bitcoin value prediction.

Tim Draper says bitcoin can reach $250k by next year

Tim Draper, the investor who has his hands in a whole host of blockchain and crypto companies, spoke to CNBC this week about his bitcoin (BTC) value prediction.

Draper is noteworthy in the local crypto area as he has various companies working inside the business. He likewise has established associations like Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates, and Draper Goren Holm. Draper is known for buying many Bitcoin (BTC) in July 2014 from the US Marshals Service selloff that sold BTC from the Silk Road trading center. In those days, Draper expected that BTC would come in at $10K per coin, and this expectation happened as expected.

Tim Draper bitcoin

This led individuals to begin thinking Draper was a prophet, and he was squeezed for another forecast as BTC approached the $20K zone in 2017. After numerous columnists asked Draper for his next bitcoin value estimate, he finally responded on Friday, April thirteenth, 2018. “Real breeze (of progress) at our block (chain) party last night,” Draper informed his followers on Twitter. “I expect $250,000 by 2022,” Draper added. From that point on, all things considered, Draper got out of the limelight, and numerous other financial supporters have given their bitcoin value expectations over the past three years.

As BTC has climbed another unparalleled high above $64K per unit, Draper is indeed falling short of his $250K expectation. While speaking with CNBC’s Jade Scipioni on the show CNBC Make It, Draper said that I believe I’m going to be right on this one. Of course, I’m either going to be right or wrong, [but] I’m almost certain it’s going to go that way.

Tim Draper thoughts on Dogecoin and Elon Musk’s statement regarding Bitcoin’s energy consumption

Tim Draper also talked about Dogecoin (DOGE) during his meeting and revealed that something would make the public like the dog token.

There should be something to dogecoin because it makes us all grin, yet no architects deal with it; Draper said thatDoge devs to improve framework exchange productivity. Conceivably encouraging. I will usually zero in on where individuals commit their lives to improve cash.

Draper revealed to CNBC that he believes Bitcoin will be the center of the world’s monetary movement for quite a while, portraying BTC as one of the world’s tech Goliaths. “[Bitcoin] is similar to Microsoft [in the product world] or Amazon in the web-based business world,” Draper commented. However, before Draper expressed his expectation, the financial speculator also spoke about Elon Musk and Tesla’s assessment of Bitcoin’s energy consumption. He complimented Musk for what he had recently accomplished, but as far as understanding Bitcoin energy usage, Draper believes he is off the mark.

  • Luke Handt

    Luke Handt is a seasoned cryptocurrency investor and advisor with over 7 years of experience in the blockchain and digital asset space. His passion for crypto began while studying computer science and economics at Stanford University in the early 2010s.

    Since 2016, Luke has been an active cryptocurrency trader, strategically investing in major coins as well as up-and-coming altcoins. He is knowledgeable about advanced crypto trading strategies, market analysis, and the nuances of blockchain protocols.

    In addition to managing his own crypto portfolio, Luke shares his expertise with others as a crypto writer and analyst for leading finance publications. He enjoys educating retail traders about digital assets and is a sought-after voice at fintech conferences worldwide.

    When he's not glued to price charts or researching promising new projects, Luke enjoys surfing, travel, and fine wine. He currently resides in Newport Beach, California where he continues to follow crypto markets closely and connect with other industry leaders.