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Title: [2018-11-10] Tim Draper Stands by His Bitcoin Prediction of $250K by 2022 Post by: mocker001 on November 10, 2018, 05:30:31 PM Venture capital investor Tim Draper reaffirmed his prediction that the Bitcoin (BTC) price will reach $250,000 by 2022, during a panel discussion at a summit conference on Nov. 6.
Draper initially predicted that the BTC price will surge up to $250,000 in April of this year. Draper also questioned the need for the traditional currency, “why do we even trust currencies that are determined by some weird political party or another?” he said. Full article:https://cointelegraph.com/news/tim-draper-stands-by-his-bitcoin-price-prediction-of-250k-in-2022 Title: Re: [2018-11-10] Tim Draper Stands by His Bitcoin Prediction of $250K by 2022 Post by: Betwrong on November 10, 2018, 07:39:16 PM This is what Tim Draper said at the Web Summit summit conference in the 6th of November:
Quote “Yes. We are talking [...] about five percent market share to get to $250,000. That seems like a drop in a bucket and all we need to really do is make it so that Bitcoin can be used to buy Starbucks coffee, and all of a sudden the world just opens up and then they say ‘I’ve got this choice.’ [...] Do I want a currency that I can take from country to country [...] or do I want one that sticks me in one country or one geographic area and I can’t use it anywhere else?” Although I don't think that taking hard currencies from country to country can be associated with any problems regarding their exchange or even direct usage, I want to agree with his optimistic prediction about Bitcoin price in 4 years. Indeed, it is very likely that BTC will be adopted much more than it is today and the demand will rise drastically because of that, while the supply will definitely diminish. (By "supply" I mean not only newly mined coins, but also the coins flowing to the market from the whales' wallets). |