The Reason Why The Price Of The Bitcoin Will Reach 250,000 USD In 2022
The price of the Bitcoin will reach 250,000 USD – how high up is the biggest question Bitcoin during December 2017 but after extreme decline, investors and traders expect analysts prediction turned into reality. Predictions by analysts like Tim Draper who confirm Bitcoin will reach $250,000 on 2022 emerged in interviews with thestreet.com to discuss the Bitcoin and his future.
In mid-April 2018, Venture capitalist and founder of Draper Fisher Jurvetson stated:
The interview followed the arguments of Gary Gensler about regulation Ripple, Aether, and other cryptocurrency. Responding to his views on the currency settings of crypto, emerging positive view of the State should be made clear.
He said cryptocurrency was a "tectonic shift in the next big technology and will have a potential economic power. Draper continues to add shares of Government to protect the interests of investors in the world crypto. And note that in five to seven years into the future, currency crypto will take over fiat currencies.
Fiat is the past and future Cypto
According to him, fiat is past and crypto is the future. While he saw the purchase of the product will be available through everyday crypto and fiat will eventually become like people "trying to pay for coffee with a dime".
Although the activity hack and forbidden on the stock and the company ICO, Draper believes it offers the highest security cryptocurrency.
They are playing whack-a-mole that try to distancing the hackers. Bitcoin is such a hero that comes at the right moment to rescue us as collateral for the bank started losing money people.
When wondering about examples of "hacking a digital wallet," he replied, yes indeed so. Later, he pointed out, "but the underlying blockchain is never compromised."
Crypto Security but will Not be enough to live for the next five years
In addition, the interview flow on "cryptocurrency as a security" in which he argues, "cryptos not effect". He said security is not cryptocurrency, but they are the currency that very much. "
In his view, fiat lost value from time to time but cryptocurrency and Bitcoin would be enough to live on for the next four to five years into the future. In addition, investment in the crypto is for the long term. And if I plan to sell Bitcoin for Crypto, is more likely to sell cockles for gold, he added.
If Donald Trump call Draper to devise a policy of cryptocurrency, he would suggest making a Bitcoin as national currencies as did Japan. In addition, it adds up to create a very clear rules about the ICO.
When asked if the ICO is a term borrowed from the IPO!. And it is a mistake to treat the security of an IPO as a sign of ICO, he responded as follows;
The typical IPO has a market capitalisation of $10 billion with the 100,000 people who work for it. And it's not a big deal if they spend $5 million per year for lawyers and accountants to comply with regulations to maintain security.
Draper deeply believes that the current global financial markets for the currencies will increase to $140triliun in 10 years time, "added the growth will be in the Crypto".
What do you think about the Draper's statement justifying why and how does Bitcoin will reach $ $250,000 in four years?