{"id":8342,"date":"2021-06-16T17:54:15","date_gmt":"2021-06-16T17:54:15","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/venture-capitalist-tim-draper-doubles-down-on-his-250k-by-2022-bitcoin-price-prediction\/"},"modified":"2021-06-16T17:54:15","modified_gmt":"2021-06-16T17:54:15","slug":"venture-capitalist-tim-draper-doubles-down-on-his-250k-by-2022-bitcoin-price-prediction","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/venture-capitalist-tim-draper-doubles-down-on-his-250k-by-2022-bitcoin-price-prediction\/","title":{"rendered":"Venture Capitalist Tim Draper Doubles Down on His $250K by 2022 Bitcoin Price Prediction"},"content":{"rendered":"

American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC\u2019s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast.<\/strong><\/p>\n

Tim Draper Envisions Six-Digit Bitcoin Prices by Next Year<\/h2>\n

Tim Draper, the venture capitalist who has his hands in a myriad of blockchain and crypto companies, discussed his bitcoin (BTC<\/a>) price prediction with CNBC this week.<\/p>\n

Draper is well known in the crypto community as he has founded a number of firms that work within the industry. He has also founded organizations like Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates, and Draper Goren Holm.<\/p>\n

Draper is famous for purchasing thousands of bitcoin (BTC<\/a>) in July 2014 from the U.S. Marshals Service auction that sold BTC<\/a> stemming from the Silk Road marketplace. Back then, Draper predicted that BTC<\/a> would reach $10K per coin and this prediction came to fruition. This made people begin to think of Draper as an oracle, and he was pressed for a new prediction when BTC<\/a> came close to the $20K zone in 2017.<\/p>\n

Venture capitalist Tim Draper has doubled down on his $250K by 2022 bitcoin price prediction. In 2018, Draper said: \u201cPeople ask me, \u2018Are you going to sell your bitcoin [for fiat]?\u2019 and I say, \u2018Why would I sell the future for the past?\u2019\u201dAfter many reporters asked Draper his next bitcoin price forecast, he finally answered on Friday the 13th, April 2018. \u201cSerious winds (of change) at our block(chain) party last night,\u201d Draper explained to his followers on Twitter. \u201cI predict $250K by 2022,\u201d Draper added. Since then, as far as predictions are concerned, Draper stepped out of the limelight and many other investors have given their own bitcoin price predictions over the last three years.<\/p>\n

Now that BTC<\/a> has tapped a new all-time-high above $64K per unit, Draper is once again standing behind his $250K prediction. While speaking with CNBC\u2019s Jade Scipioni on the broadcast \u201cCNBC Make It,\u201d Draper said:<\/p>\n

I think I\u2019m going to be right on this one. I\u2019m either going to be really right or really wrong [but] I\u2019m pretty sure that it\u2019s going in that direction.<\/p>\n

<\/p>\n

Draper Speaks About Dogecoin and Elon Musk\u2019s Critique of Bitcoin\u2019s Energy Use<\/h2>\n

Draper then explained that he thinks merchants will flock to support BTC<\/a> within the next few years. \u201cGive it about a year and a half and retailers will all be on Opennode, so everybody will accept bitcoin,\u201d Draper stressed. \u201cThen beyond that, I think [bitcoin] continues up because there are only 21 million of them,\u201d the venture capitalist added.<\/p>\n

Tim Draper predicted bitcoin (BTC<\/a>) would hit $250,000 by 2022 back in mid-April 2018 at a Draper University event.<\/p>\n

The executive also touched upon dogecoin (DOGE) during his interview and explained that there has to be something that makes the public like the dog token.<\/p>\n

\u201cThere must be something to dogecoin because it makes us all smile but no engineers are working on it,\u201d Draper said. \u201cDoge devs to improve system transaction efficiency. Potentially promising. I tend to focus on the ones where people are dedicating their lives to improving the currency.\u201d<\/p>\n

Draper told CNBC he thinks bitcoin will be the center of financial activity worldwide for a long time and described BTC<\/a> as one of the world\u2019s tech giants. \u201c[Bitcoin] is sort of like Microsoft [in] the software world or Amazon in the e-commerce world,\u201d Draper remarked.<\/p>\n

Furthermore, before Draper made his prediction the venture capitalist spoke about Elon Musk and Tesla\u2019s critique of Bitcoin\u2019s energy use. He commended Musk for what he had previously accomplished but in terms of understanding bitcoin\u2019s energy consumption, Draper thinks he\u2019s wrong.<\/p>\n

\u201cElon, first of all, is one of the most brilliant men in the world\u2026maybe the most brilliant, [but] he got this one wrong,\u201d Draper said.<\/p>\n

What do you think about Tim Draper\u2019s 2022 bitcoin price prediction? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, $250K, $250K by 2022, Bitcoin, bitcoin auction, bitcoin prediction, BTC, BTC prediction, Draper Associates, Elon Musk, fiat currencies, forecast, Fundstrat advisor, future, Pantera Capital, past, Silk Road, Tesla, Tim Draper, Tim Draper VC, Twitter, U.S. Marshals, VC Tim Draper, Venture Capitalist<\/p>\n","protected":false},"excerpt":{"rendered":"

American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC\u2019s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast.…<\/p>\n","protected":false},"author":0,"featured_media":8343,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8342"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8342"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8343"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}