Bitcoin Forum

"Venture capital investor Tim Draper reaffirmed his prediction that the Bitcoin (BTC) price will reach $250,000 by 2022, during a panel discussion at the Web Summit summit conference Nov. 6."

https://cointelegraph.com/news/tim-draper-stands-by-his-bitcoin-price-prediction-of-250k-in-2022

“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?”

I think things like global virtual marketplaces and escrow systems coming out soon will drive universal crypto acceptance forward and make cryptocurrency a useful part of everyday life.

Arguments for or against his accuracy?

Beautiful imagination.

I don't disagree with this prediction, once mass adoption and institutional investors jumps on board, the price can escalate very quickly. A lot can happen in 4 years.

I have been hearing a lot of prediction about Bitcoin price going to the moon. I have not seen any of these prediction have been correct. I am happy to hear more to keep myself motivated, but deep inside I know they are only speculation and  it would never happen.

I want the price to go to the moon, but I know it will take time. Untill then I am happy to hear more prediction like these. 

well, i remenber when years ago someone talks about bitcoin's price at 10000 and it seems impossible to me...and i was wrong.

Anyway, i think that there will be an upper bound, and i think is 50k...

Predictions like these are mostly wishful thinking rather than based on facts. It even says in the article that he's been off before:


On the other hand McAfee is all-in on Bitcoin reaching USD 500k,- by 2020 so Draper's estimate is conservative by comparison. Then again McAfee is batshit insane so there's that.

So no, I personally doubt that Bitcoin will hit USD 250k,- by 2022. However weirder things have happened in this space so my guess is as good as anyone's. And as far as the future price is concerned, guessing is all one can do.

Don't forget that so many also predicted that the bitcoin's price would be around 250usd as of this time, but you and I know it it's not..

That simply tells us that you cannot predict the market,no matter how hard you try with all the emotions and optimism,it really counts for nothing

The fact still remains that no one knows what bitcoins price will be by 2022,not you,not I and definitely not draper

Identification is just an individual's guess, and this can affect many people who can not help Bitcoin reach the value of $ 250k by 2022. Give the reason that people believe that there is. It can happen and do not declare these silly things.

The market does not follow the logic so if it is logical, the price will not move according to what he said.
We are talking about 4 years of forecasting in a highly turbulent market and can change dramatically every year. This kind of prediction makes it just a marketing word more than a predictable prediction.

We could speculate the future price of Bitcoin using technical analysis based in charts, price history and other tools. But this is limited to a certain range.
Any attempt to predict the value four years from now is mere wishful thinking and what they 'hope' the market would be.
I can't argue with that, I hope it's at that value too.

Found the info that J. McAfee went even futher, on november 2017 he predicted BTC at 1 mln USD by 2020. He still have two years to make it come true, but current market trend doesn't help him.

I am more inclined to think that Bitcoin will really cost so much because a lot will happen in these four years and generally it seems to me that during this time it will start to look more positively towards cryptocurrency

This might be one of the issues bitcoin has to face in going mainstream adoption. Bigtime bitcoin holders want bitcoin price to be go higher and higher just like feeling of no satisfaction. The other side of the issue, bitcoin needs stability as one requirement to adoption. The problem will arise when these holders suddenly push the button to manipulate the price whenever they need to. There's no stopping them because there's no tracing them. If I'm a bitcoin holder, of course, I like the idea of $250k.

there are no negative comments with their predictions, we can only act to buy more bitcoin, the price of bitcoin in 2015 is $ 700 and 2017 is $ 20000.

this cycle will be the same as today's bitcoin prices and bitcoin prices in 2022. now $ 6500 and 2022 are $ 250000. very fantastic price.

so, don't sell it today, but buy more and invest in your future.

I'm not against to his prediction and its possible. Halving will come by 2020 so I think he's thinking that it will make the price high just like what it did on 2016. And after two years, there will be a good flow of institutional money on bitcoin.

But I'm still questioning on how its going to happen though I said that I'm not against it, I'm wondering on how would the bull will pump it.

$1,000,000 on 2020? this is what I'm doubting right now.

So hes basing this prediction on market share, which is fine but its hard to know what route bitcoin will take and how much adoption is going to happen in the next 3 or 4 years. Its great to hear some positivity.

so far, bitcoin has not shown the potential to be able to have prices above $ 50000, so don't expect high prices. well, maybe for $ 20k it's good enough for the price of bitcoin, moreover if the price is stable, it will definitely shake the world.

I hope bitcoin will be good any time any where any when.... In what ever condition, i will always suport bitcoin to grow and grow up for crypto money...

it is true that long-term circulation is indeed very risky, because we believe that the calculated value of bitcoin is usually very easy to change, so to be more confident in short-term speculation because the risk is not too big when we start to increase gradually, if in the future its value according to our predictions we also continue to enjoy the benefits, but if the value drops then we will not experience many losses.

Well, if more marketplaces and platforms are made using Bitcoin it would speed up the rising price of Bitcoin. For example, if Amazon accepted Bitcoin, overnight the price would probably double.

If we see the past record oolf bitcoin than must concluded that it's not impossible because as in start bitcoin value is what and now what value so it can be possible that bitcoin will be 250k in 2022.

Price is extraordinary, predictions are true and false, predictions made by people's minds are sometimes unexpected, I can only wait until the end of this year, whether bitcoin is back up or down. Hopefully the draper team's predictions are correct, and bitcoin became the first currency in the digital era.

when it comes to long term prediction of bitcoin all you can be sure about is that bitcoin will rise and the rise will be huge. but you won't be able to come up with a number ever!

this doesn't make any sense!

no we do not. to reach $250k is not such a big milestone as you may think. it only requires the same natural growth that bitcoin had so far and the same adoption to get there in a year or two.
bitcoin being accepted in coffee shops such as Starbucks means bitcoin is already near mass adoption and that would mean price around $1 million at least. not to mention that bitcoin is not ready for such adoption!

"cryptocurrency" and "bitcoin" are not the same thing. don't get excited about altcoins whenever someone makes a prediction for bitcoin. more than 90% of them will die in a year or two and a lot of them will be replaced by a lot of other shitcoins.

I don't think confirm
but if Bitcoin popularity increased day by day and every platform can be accepted in Bitcoin then definitely possible.

Against if every countries can be accepted Bitcoin in legal then hope is possible. Actually Bitcoin price unstable we are know so anytime can be touch.bitcoin 250k is possible if Bitcoin supply increased huge.

it's true and I strongly believe that the price of bitcoin for the year 2022 will be able to reach a price of $ 25,000, because we know the potential price of bitcoin for an increase every year.

There is no fact if you only rely on a prediction, because predictions will not fully occur. Sometimes I feel doubtful when the price of bitcoin will have a high price that many experts talk about, because in fact there will be many things that will make the price of bitcoin decline. I believe the first factor is the government, they will not make a decision easily to accept bitcoin. This condition will continue to occur, even though at a time when the price of bitcoin rose to several percent but in the near term there will be a bad information on bitcoin and make prices decline again.

if the prediction Bitcoin will reach the price of 250K in 2022 then at the end of this year Bitcoin should have begun to crawl up. some Bitcoin users hope that if Bitcoin predictions will reach fantastic prices will soon be realized. I would believe if Bitcoin would reach 250K if by the end of this year Bitcoin could hit a price of $10000, but I haven't seen any signs of a rise the price in Bitcoin at this time.

With the ugly "ICO Game" the same or dramatically improved?
With a single... <snip>
The future is almost limitless..    //  Stay Tuned   :D

I don't think bitcoin will reach for up to $250k in 2022 even if we still have 4 years to wait. I think it is still impossible to happen. $250k is too large amount from the last ATH's last Dec 2017. I think $20k can be possible to happen again in year 2022.

yes it might happen, as time goes on bitcoin will be accepted by the public, as the example you gave starbucks will accept bitcoin as a payment tool so many people will buy bitcoin in the future and the price will continue to rise

Omg, I hope so if you know something else from the future tell us xd. I am willing to save my bitcoins and not spend even if I am starving or in the brink of death. But who knows, that is only speculation. No offense lady but I think the maximum that bitcoin can reach in 2022 is like 15k $ again. I have researched and read a lot maybe I will make a post about it too in the next few days. Good day

Lol. I doubt this will happen anytime soon. I can see Bitcoin touching such a value only after it goes mainstream which could most likely take a decade in my opinion. I feel that Bitcoin could reach $30000 in 2020 and will continue soar past that point.

At the moment, there is no news suggesting that Bitcoin will go back above $10000 which is why I am looking forward to 2019. The ETF proposal approval or refusal will lead to a big disruption in the market(Positive or negative based on the news).

For this prediction to come pass Tim Draper should consider other unfavorable oppositions to bitcoin originating from unfriendly countries which of course is stumbling block to achieving that price benchmark, and the predicted price is a pure exaggeration and gimmick to lure potential investors which I believed is a welcome idea.

More and more btc gets accepted and started using by various businesses it will help bitcoin community as demand will keep rising and eventually the prices will also keep rising. Though cannot predict the target of 250k by 2022. But should be 50k above if things remain smooth and have a positive significance on the economy of the world.

250K can be ATH for Bitcoin. However, this is not a price that can easily be caught. Nevertheless, Bitcoin made these rises.

Shake the world is right. Think about it all bitcoin reaching $20,000 would be a big
deal. Hitting $50,000 would bring the fudders out in droves as well as bring speculators
in looking for their slice of action which would pump the price further.

I remembered 3 years ago, I read here in some crypto news that there some bitcoin experts predicted that Bitcoin at 2025 will become 100K$ each. Which is for me its not impossible to be happen, but with this prediction by Tim Draper for him by 2022 bitcoin can reach the value of 250K$, sounds like not realistic and attainable in my opinion only. Though it maybe or maybe not possible to be happen too.

I dont listen to Tom draper anymore but I agree that everyone would want a currency they can use anywhere in the world.

Guess and reality are not the same. He just presents one of his guess here. Which may not be in reality.
 But we want everyone to reach bitcoin higher by 2022.

Tim was smart to buy up a good amount when he did but he is dreaming the insane volatility we seen adn 10x run ups are don't going to keep happening forever.
We need real world adoption and implementation to see those kinds of prices not just speculation eventually the people will to bet on it going higher run out of money to add to the pot.

Nothing is impossible in crypto but 250K dollars is a serious high amount and at the current date this seems like a dream which can never be become true. But then seeing the limited supply of bitcoins, we can see any price of bitcoin in the next 3 to 4 years.

It is just a prediction of Bitcoin so we should never take it in mind. Most of the peoples are expecting a gradual raise in Bitcoin but current market stay in a same level so this change soon that time we can predict some possibilities. All the peoples are eagerly waiting for the end of the year because it will be going to moon in after Christmas.

I do not think that Bitcoin can reach this price in 2022. Yes, it will cost much more, but to get the hit of a quarter of a million, it will need much more time. Probably, a 7 of years must pass.

Bitcoin will reach what seems to be impossible and btc has proven it when it skyrocketed to $20k last year. Wishful thinking yeah $250k is achievable in its own time. It's growth will continue for as long as many would remain supporting btc.

This is pure speculative drivel. Nobody can tell what is going to happen next week, talk less of 2022. I was told early 2018 that it will trade @ $50K. It is now trading less than half its value when that prediction was made.

You are talking about a marketcap of 4.250 trillion dollars give or take. 250 thousand dollars per bitcoin times 17 million bitcoins give or take would mean about 4.25 trillion dollars in total. Nothing impossible but definitely a lot more than you would imagine from a coin that is capped at around 120 billion or so for the past 5 months. That is an insane amount of increase if it happens but I doubt it would be possible anytime soon, could it happen in 20 years? Sure. Could it happen in 2020 ? Don't think so.

Even the big stock markets like NASDAQ and NYSE needed decades before they could reach that levels even with all companies that were public listed on those two they still failed. Which means bitcoin can definitely reach there but would take a lot longer than just couple years for it to get there. Crypto in general could reach there far faster of course.

$250k could happen by 2022, but it would sit there for a day or 2 then over the coming months would crash back down under $100k. If compare the 2013 peak price of $1k, the next peak of $20k in 2017 was 20x that. 20x that peak is $400k for 2021, and $250k is only like 12x the last peak.  Those saying this is impossible - this is actually more likely than someone saying in 2014 that in 3 years price would be $20k. It's certainly not guaranteed, but it is definitely plausible.

I think in 3 years many things may change but the growth should be. The amount of $ 250,000 for bitcoin is crazy, but people did not believe that it would be more than $ 10,000 not so long ago so everything is possible. Let's be patient and see what happens !

For me $250k is only a dream. Considering the situation this year. I think bitcoin will have a hard time reaching that price. I believe that bitcoin will grow again. But $250k is too high.

It is still possible I believe for BTC price to hit $250k in the next few years. A price surge upward from $6k to almost $20k happened last year, there is no reason for it to not happen again. The opposite could happen too. What's important is that we should be ready whatever outcame it may be.

I think $250,000 is too much and it very hard to believe that the price of per bitcoin will reach that price. Even it seems to be happen still it is speculation to the market there is a chance that it could not happen. I think in the year 2022 the price of bitcoin will become $50000 and I think it will be the highest price per bitcoin.

I do not believe this is possible.

He made this prediction:

Bitcoin Price Will Reach $10,000, Might Take Another Year: Tim Draper (https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper)

He hit the prediction and then he made another prediction:

Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years (https://cointelegraph.com/news/tim-draper-predicts-total-crypto-market-cap-of-80-trillion-in-next-15-years)

Market Cap: $204 billion

we will see in 15 years if he is going to hit on his prediction

Today I used my phone camera to read a qr code for the first time. It was very fast, and it read exactly the address that was in my qt wallet.

Before it, I thought it was not going to work. I thought that I would need a better camera, or some specific sensor that would only come with the most expensive phones. But I was wrong.

The technology is right there, and is easily accessible (my phone is very cheap, because I dont like big phones). We dont need debit cards to use it, just a phone and qr codes.

You see, its just a question of trying. If people give it a try, they will see that it works.

Just let the 21th century start. Just let it go, and we will have 250k by 2020.