A top capital investor Predicts Bitcoin to be $250K in 2022

A top capital investor Predicts Bitcoin to be $250K in 2022

Business Crypto news
November 13, 2018 by Super System
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A top capital investor Predicts Bitcoin to be $250K in 2022

Tim Draper, a venture capital investor insists that his prediction that the Bitcoin (BTC) price will skyrocket to a $250K by 2022. He reaffirmed this claim at the Web Summit conference on the 6th of November.

Tims in originally predicted that the Bitcoin Price will climb to 250K in April 2018 – This year. “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!” Draper said then.

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Bitcoin price according to Coindesk.

When asked if he still thinks the Bitcoin will surge up to $250K until 2022 and make many investors happy he replayed:

“Yes. We are talking […] about five percent market share to get to $250,000. That seems like a drop in a bucket and all we need to really do is make it so that Bitcoin can be used to buy Starbucks coffee, and all of a sudden the world just opens up and then they say ‘I’ve got this choice.’ […] Do I want a currency that I can take from country to country […] or do I want one that sticks me in one country or one geographic area and I can’t use it anywhere else?”

As an investor, Draper also questioned the need for fiat currencies or “political currencies”, staying – “why do we even trust currencies that are determined by some weird political party or another?”. Draper thinks that banks issue money “whenever they feel like it for whatever reason they want it” and the appearance of a “totally apolitical,” global, and open currency would cede control of money from banks to non-corporate financial institutes, in other words, the common people.

Draper manifested his vision of the future which blockchain utilizing smart contracts synergizing with artificial intelligence (AI) and predicts that it will completely change the role and responsibilities of states. He presented his ideas while speaking at the GovTech Pioneers conference in May 2018.

If we combine Bitcoin, blockchain with smart contracts and artificial intelligence, we could create the perfect bureaucracy,Draper Said.

Draper predicted earlier in September 2018 that the total cryptocurrency market capitalization will reach $80 trillion in the next 15 years. According to Draper, “Cryptocurrency will go after trillion dollar markets — these are finance, healthcare and insurance, banking and investment banking, and governments.”