Bitcoin 250K in 2022?

[JohnBitCo]

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.

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.

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[zinjo]

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.

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.

[sakokinak]

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.

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.

[Bessta]

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.

[TrumpD]

"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?

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.

[wuvdoll]

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.

[WinslowIII]

$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.

[tytanhamon04]

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 !

[West0813]

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.

[fulmetal08larz]

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.

[Peashooter]

"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?

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.

[Slow death]

Arguments for or against his accuracy?

I do not believe this is possible.

He made this prediction:

Bitcoin Price Will Reach $10,000, 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

Market Cap: $204 billion

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

[fabiorem]

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.