Bitcoin Forum

Few billionaire investors have been so vocal and
bullish on Bitcoin and cryptocurrency price
appreciation as Tim Draper, the founder of
venture capital firm Draper Fisher Jurvetson.

 https://coinsupdates.com/billionaire-investor/  (https://coinsupdates.com/billionaire-investor/)

Stop focusing on the price for at least 15 minutes; price doesn’t matter if Bitcoin does not have a future.
If you have some experience, create a site that supports Bitcoin or helps people around you learning blockchain, this is who will make price Hit $250,000 in 2022.
This talk is pure propaganda."It does not benefit you to listen to him"

to be fair, i remember back in 2014 how we used to make fun of draper. he was perpetually bullish and making outlandish forecasts in the middle of a brutal bear market.

turns out, he was one of the few vocal visionaries who have been spot on with their analysis. in 2014, he predicted that BTC would surpass $10k by 2017 (https://www.ccn.com/tim-draper-has-made-over-110-million-since-2014-with-his-bitcoin-investment/). he was right then and his fundamental analysis hasn't changed. so i wouldn't ignore his next prediction either.

Next four years of the demand of bitcoin far exceed that of supply, then I will believe that bitcoin can reach that amount. If not and still new cryptocurrency that become traders favorite ,then bitcoin can be miserable

I don't believe on the news honestly and I don't believe that he predicted that bitcoin will surpass $10k in 2017, what I heard from their prediction before is bitcoin can reach again back to $1k above

We don't know what will happen to bitcoin in the future, but I am expecting after another block halving we will experience a huge price increase after this event just like what happens after block halving last 2016 and I don't believe that bitcoin could reach more than $15k. So I think we can see a large improvement in the price after the block halving event.

Wasn't there someone who was saying that Bitcoin is (or was) supposed to hit something like $100,000 by 2018? Stuff like that is why I don't have any trust in these kinds of predictions anymore because they are never close to reality and are always hopelessly idealistic. Bitcoin retaining its strength and not fading to obscurity is the priority for the community, not trying to hit $250,000.

Possible for the next few years.

2022 looks interesting and he's not the only person to say that bitcoin's price will increase. I won't mention the other guy who have said too much about the price.

But what I'm saying is we are getting a hint that they are all bullish and in long term to bitcoin.

Interesting that 2022 is more or less 4 years from now.. That’s a staggering 250000$ right and that’s overly optimistic attitude over that one.. I’m not saying it won’t happen and it will,, but with right formula on market adaptation and endorsements from government this is reachable.. My doubt would be the date,, 10 years would be enough to have that be materialized..

Being positive is normal,, but too much is unhealthy anymore..

Mass adoption will be the reason for the price to reach $250,000 may it be in 5 years or 10 years. All we need to do is to help even in a small way for the people to know about bitcoin. I already introduce it to some of my friends and some were convince to invest while some doesn't want to get involve in it. I don't teach others openly though and I only teach those who are willing because I already experience being blamed just because I convince them before to invest in bitcoin and the price went down causing them to lose money. It is just a small amount though but still I already warned them of the risk and they just want someone to blame which is me unfortunately.

I really appreciate this man because majority of his colleagues are enemies of bitcoin and cryptocurrencies market.  I think we can get to that if the current bearish market is over.  I have hope on this market and I think now still remains the best time to get in into bitcoin.

one good thing about futuristic speculation like this is that you can always verify it with a fast google search. this is what most people who are spreading FUD forget. they think we forget about their bullshit if they change username ;)
https://www.coindesk.com/tim-draper-bitcoins-price-still-headed-10k/
the article was published in 2014.

to be fair people made fun of those who were saying bitcoin is headed to $10K back in 2013 when price reached $1200 just like we make fun of those who said bitcoin is headed to $50k-$100k when price reached $20k. of course bitcoin is headed to those prices but not as fast as those who are expecting it.
it takes longer, 250k by 2020 is not that unrealistic in my opinion. we will see the recovery possibly before 2018 ends or worst case scenario in 2019 and then we have the halving in 2020 which will definitely shoot the price up and it is 4 years of adoption which will increase the price by a lot.

It is very much possible if you take into consideration that the availability of on-exchange coins only decreases throughout the years.

The following factors will play a very important role on top of the current scarcity;

# Lightning Network - should at least take out another 100,000BTC with global deployment.
# ETF's backed by Bitcoin - should at least take out another 1,000,000BTC.
# Funds backed by Bitcoin - should at least take out another 1,000,000BTC.

The more uses there are, the more coins will be put to work in a way that they will not have to be dumped afterwards. Current situation is a great example of how the market can't deal with the coins that entered the market due to the massive peak of last year. If there was a different use other than speculation, these coins wouldn't be dumped right now.

$250,000 bitcoin price for the year 2020 I think it is very impossible because it is very high price because many people are still selling their bitcoin. But I hope in the year 2020 the price like 50,000 to $100,000 each bitcoin if many people invest to bitcoin but many people are still selling maybe the price is very low.

It's good to be optimistic and I respect Mr. Tim Draper speculation as he is known crpyto investors and adviser of many successful ICO. With this kind of news I'm hoping that this will attract more buyers in bitcoin and keep holding until the best price to come.

From today's price it 'only' requires 5 doublings to reach the $208,000 mark.

$6500
1 $13,000
2 $26,000
3 $52,000
4 $104,000
5 $208,000
6 $416,000
7 $832,000
8 $1,664,000
9 $3,328,000
10 $ 6,656,000

The higher we go up the ladder the less realistic things become, but it points out that reaching insane prices isn't impossible with various scenarios that will play a role of importance in the future.

Last year we managed to achieve 4 perfect doublings ~

$1000
1 $2000
2 $4000
3 $8000
4 $16,000

In 2013 we managed to achieve 6 perfect doublings ~

$12
1 $24
2 $48
3 $96
4 $192
5 $384
6 $768

do not be too enthusiastic about the price issue, with over time the price will move with itself. I think it is quite impossible to hear bitcoin touching $ 250,000 in the near future. but, anything that is concerned with cryptocurrency is sure to happen. we'll see later, only time can answer all this.

Sure, I'd love to have Bitcoin at quarter million in 4 years, which Bitcoin holder wouldn't? But I'd much rater in 2022 Bitcoin becomes truly global, truly mainstream. With coffeeshops and stores replacing Visa signages with Bitcoin (and maybe even with Lightning Network signages). I can scan my wallet and get things paid no fuss. Price could be $100 or $1million for all I care, of course I'd rather it be a lot more, and I know it will be with time.

You admit that nothing depends on us? I agree with you. We can only observe what is happening but we can not influence the prices. Each of us can determine the limits of prices below which we will not sell our coins. This can help us save our investment but will not accelerate the price growth.  Whales control everything.

Whales and Sharks are the main source in manipulating the bitcoin price. But still the medias and small investors do contribute in manipulating the price. Though the percentage may be lower, there is an impact. We do have only 4 years foor 2022. 2018 would confirm if bitcoin would minimum reach $200K by 2022. 2018's first half was really for the buyers to buy coins with cheapest rates. Hope to see the second half bringing considerable profits to the sellers. Everyone expects bitcoin value to grow like last year. Waiting for this to happen. 

looks very good, but unfortunately I do not really believe it :P but even so I hope that is true. no one knows the price of bitcoin in the future, but we have the same expectations.

I would not ignore his predictions either, as there could be a possibility. It is all predictions anyway and the fact that he could have been spot on with $10k upward at the end of 2017 does not mean he could end up right all the time. However, with all that hugeblack said, I feel we are focusing more on the value of bitcoin so much even if we are not getting the usage as a currency that would make the value sustainable for the long run and that kind of affects the market in a way.

I wouldn't take this prediction very seriously, though he made some good points in his analysis so there's that. As one poster mentioned, he was also one of the wild predictors of bitcoin reaching heights that were deemed impossible years ago, so whatever his claims are, it could still be worth it to read or to consider now given the amount of people wanting to take a piece of the pie. $250,000 in 4 years is somewhat outlandish, but if bitcoin were to repeat the same growth it exhibited in 2016-2017, it is doable IMO.

Does it really matter? What I mean is, do you care if bitcoin touches that price in 2022 or in 2032 or in some undetermined year in the future? What you should be doing is holding your coins no matter what, that way it does not matter if the prediction is right or not about the year or the price, the technology will eventually become adopted all over the world and the price will grow as a result of that.

If there is people who overthinks in fall like they are saying price could go as low as less than $1k. Then there is also person like this who overthinks in rise. Well, I prefer to read things like this eventhough it's way too much rather than FUD that causing others to panic.

One of the reasons why bitcoin has turned hugely to a speculative asset is this reason you have mentioned. We are totally forgetting about the development of bitcoin as currency and how this can become a reality and all we keep doing every day is focus on price like you have said every minute trying to expect when we are to moon or buy a lambo and all sort of things. This mentality will not help but as long as we see real life usage, it would usher in real demand, less manipulation or a huge market growth.

But to achieve the "final goal" of bitcoin for that it was actally created, we must need bitcoin to be an attractive one to adopt it. For that $250k price level alone will not be enough. We need bitcoin's value in millions. Most people who are predicting bitcoin's value are turning as an absolute right one over time but most of them do fail with time frame.

I believe bitcoin may touch $250k levels within 2020 and by the year of 2022 it must be having value in million dollars. I may sound unrealistic but you all may need to thank me by the end of 2022 year. Let's all watch and understand the power of bitcoin in real time.

though there are lot of speculations that bit coin will reach $100k let watch it happen

If bitcoin will become much in demand for that time then probably it would reach on the said amount. We expect that cryptocurrencies are legal around the world that time and people regularly used it like credit cards or fiat when buying something. Crypto will not only investment but also a real time currency now. If billionaires believe it then it has a possibility to come true.

It's not unrealistic. The only thing is that 99% of the people here won't ever be holding their coins to such levels because they either will get tempted to sell way before, or they will face a certain situation where they are forced to sell way before. That's why the most solid holders are those who have plenty of money and won't ever need to cash out their coins.

In most cases the only way for people to actually prevent selling their coins is to timelock (https://en.bitcoin.it/wiki/Timelock) their coins. It's probably the only way for people to know for sure that they won't be able to sell their coins, but it has a few drawbacks and it perhaps isn't the best option to go for if you think there might be a situation where you would need to cash out.

Its their advantage if they will be invest a huge amount of cryptocurrency today since the market right now is in a big dip so people who invest right now can expect to earn a huge amount of profit in the future.

Tim Draper has always been extremely bullish, so you do need to take his words with a grain of salt.

I personally think that having a 50 fold increase in unlikely in the next 4 years, especially when you consider that even the biggest bull market that was seen so far in the bitcoin scene last year only resulted in a 2000% gain over a year. It's quite absurd to think that in 2022, markets will be that bullish again.

That's not to say that I'm not bullish over the long term. In fact, I believe that it would only be a matter of time before BTC does hit $250k. But it will take a lot more people adotping the currency, and it will take fiat depreciation to some degree. So 2022 seems a bit too early for me, at least.

It really depends what the adoption curve looks like. Take a look at some others from recent history:

https://i.imgur.com/54uZeZb.png

Now, what would you put % adoption at? Under 5%? Definitely under 10% I think. Let's assume that Bitcoin follows a similar curve as most other ubiquitous technologies. If you combine that with a supply that is mostly mined out already, I think the potential explosion to 6-7 figures could happen extremely fast.

It's impossible to predict beforehand, and I am personally prepared for a long and painful bear market right now. However, my experience from 2014-2016 tells me many of us (yes, even the believers) will be in utter disbelief when that move finally happens.

Bitcoin will not hit $250k in 2022. Why? Because just because he is a big investor does not mean that what he is stating is the ultimate truth. People are sick of these kind of propaganda. If you really want the price to grow and hit at least $20k, then you should talk about the advantages of Bitcoin, advertise it in the right way. Make people realize that investing in bitcoin is going to bring them fortune not misfortune.