BITCOIN PRICE WILL HIT $250K IN 2022: TIM DRAPER SETS PREDICTION

Speaking at the 2018 Block (Chain) Party at Draper University in San Mateo, California April 12, Draper, who has a reliable record of forecasting Bitcoin prices, instructed those listening to ignore anyone who was more bearish.

“I’m thinking $250,000 a bitcoin by 2022… 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!” he said.

Despite the relatively circumstances of his call, Draper peering into a homemade ‘crystal ball’ before around fifty somewhat underwhelmed spectators, cryptocurrency investors have cause to listen.

Previously, the serial Bitcoin holder had correctly called the rise to $10,000 in 2017 – a full three years beforehand, when Bitcoin prices hovered around $300.

Meanwhile, other investment sources continue to fly against prevailing sentiment that the so-called ‘bubble’ in Bitcoin prices is over and that December 2017’s $20,000 highs marked levels never to be repeated.

What do you think about Tim Draper’s $250,000 Bitcoin price prediction?