Tim Draper : Bitcoin Price to Soar Up To $250,000 by 2022
It was only last week in support of Bitcoin when Tim Draper made a comment that Bitcoin should be replacing the Indian Rupee. Now, Venture capitalist is in news again as he predicts bitcoin price will multiply by 30 times within four years.
The founder of Draper Fisher Jurvetson wrote on Twitter about Bitcoin price,
“Serious winds (of change) at our block (chain) party last night, I predicted $250k in 2022”
The investor, who led investments in Skype, Tesla, Twitter, and SpaceX, is known to have purchased $30,000 worth of Bitcoin from the U.S. government in 2014. Those funds fell into government hands after an exchange that heavily used the cryptocurrency, Silk Road, was shuttered.
Bitcoin price traded near $8,100 on Friday afternoon, up more than 18 percent for the week, according to Coinbase. Bitcoin price suddenly shot 17 percent higher Thursday morning. Many traders attributed the spike to investors covering their shorts, or buying back into the market after betting against bitcoin.
“Believe it. It’s going to happen, they going to think you’re crazy. It’s gonna be awesome,” Draper told the enthusiastic onlookers.
This news is not just a respite for all Bitcoin customers, but for the new cryptocurrency experts who have been trying to invest in Bitcoin, since now is the most favorable time.
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