News, Editorials & Opinions

Experts Expect Bitcoin Price to Hit $250,000 by 2022, Here’s Why
Apr 14, 2018
 

American venture capital investor Tim Draper, an early backer of Tesla, Skype, and SpaceX, is one of the most high-profile Bitcoin investors. With absolute confidence that bitcoin is the future currency, Draper announced that he predicts the bitcoin price will reach $250,000 by 2022.

The billionaire investor has bought 30,000 Bitcoin in a US Marshals auction in 2014. That amount of cryptocurrency is currently worth about $240 million. If his prediction turns out to be correct, Tim Draper can expect his Bitcoin portfolio to be valued at $7.5 billion by 2022. Draper has said that he will never sell it in exchange for fiat money: “That’s like saying I’m going to take the present and future and turn it into the past. I’m not an antique buyer”, he told documentarian Sharad Kharé.

Source: NewsBTC (https://www.newsbtc.com/2018/04/14/experts-expect-bitcoin-price-hit-250000-2022-heres/)

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