Bitcoin Forum

What do you think about Tim Draper's comment that Bitcoin will be $250,000 by 2022? I do know that 2022 will be an interesting time for technology.

But what might be happening with Cryptocurrency by then?

https://cointelegraph.com/news/im-thinking-250000-by-2022-tim-draper-reveals-new-bitcoin-price-target

What are your thoughts?

Well, to be completely honest if I'd invest millions of dollars in to bitcoin, I would say stuff like that too.

Not saying what he said is impossible though, it's just not THAT realistic in my opinion; a bit farfetched in my opinion. But who knows, global adoption might come sooner than we thought, so it's definitely very very possible for us to achieve these heights.

Well, for me  to be completely honest if I'd invest millions of peso in to bitcoin, I would say words like that too.
Not saying what he said is impossible though, it's just not that realistic in my opinion. But who knows, global adoption might come sooner than we thought.

Thanks for copying my reply.   /s

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EDIT: Added user to Unofficial List of plagiarists [UPDATED: April-14-2018] (https://bitcointalk.org/index.php?topic=3153680.msg32602001#msg32602001)

It has no difference when John Mcafee said that Bitcoin price will reach $1 million by 2020, Mcafee owns a Bitcoin mining farm and also an investor. Of course, for him to earn huge profit he will use his influence to make that prediction possible, by encouraging people to also invest in Bitcoin. Same as this one, Tim Draper is an investor, what do investors goal? of course to make profit, he will not talk like this if he doesn't bought any huge amount of Bitcoin/cryptocurrency. But honestly anyone can make a prediction or guess on what will be the value of Bitcoin in the future but no one can prove that it will really happen.

This is absolute nonsense, bitcoin won't live until 2022. This is obvious to any sane person.

I believe that such a quotation is a bit too far fetched, this would start to be a considerable percentage of the world's gross product. But of course the world and finance especially has turned so crazy lately so that everything is possible.

To reach the $ 250000 price in 2022 I think that's very likely, because we see that the current bitcoin development is very fast.

Everyone will want and hope bitcoin will soar to the desired price, and for 2022 that is still running 4 years from now I think it is possible to reach $ 250000 price.

good comment, I'm sure in 2022 more world will accept bitcoin, so its value will be very high. and a value of $ 250000 could happen in 2022.

when more countries receive bitcoin, then bitcoin will easily reach a high value.

This is a prediction everyone in the crypto industry would wish to see come true. 250000 by 2022 will be a big surprise but it is possible. Bitcoin moved from $1000 to $19000 within a very short time, while I would say it will be a tough journey, I equally believe it is possible.

As you all may know since it first appeared, bitcoin still exist and persist today. Although the exchange rate is volatile and unpredictable, the price tends to increase from year to year. So very likely, what the Draper team says will come true just the same as I expected even worth more than $ 250.000.

the price of bitcoin will definitely rise sharply . in 2022 reached 250000 dollars ? this is not quite sure . he may want to raise people's expectations of bitcoin . make bitcoin's price higher .

1+ year ago most people didn't even think bitcoin could go to $20,000. in fact if you could see my own comments from end of 2016 my speculation was somewhere around $2000 (1/10 of ATH) based on the rise that was happeneing up to that point.

but that is the thing about adoption, it is not a linear thing it happens exponentially which finally will share an S curve. it is slow at first and then speeds up and finally it will nearly jump up.
so we will see $100k-$200k by 2022 or maybe even sooner by 2020.

To be honest, those who invested a lot of money, everyone says that it will grow to this year and so on. This information and the more it will be popular in the world, the more chances to survive and gain a foothold.

I really welcome Draper's comments and I also believe that bitcoin will be able to reach such a high price and by 2022 I think it's still quite a while to happen.