[2014-09-24] Video: Venture capitalist Draper predicts $10K per Bitcoin

[LiteCoinGuy]

Venture capitalist Draper predicts $10K per Bitcoin in three years

http://video.foxbusiness.com/v/3801541401001/venture-capitalist-draper-predicts-10k-per-bitcoin-in-three-years/#sp=show-clips


i would say 3-5 years. 

[MJK]

Hasn't he made this prediction before? Sure I've seen an article about this in the press section a month or so ago. I think it's possible bitcoin cpould go to 10k, but like you said, it'd be at least five years, though depends on how mainstream bitcoin goes.

[LiteCoinGuy]

Hasn't he made this prediction before? Sure I've seen an article about this in the press section a month or so ago. I think it's possible bitcoin cpould go to 10k, but like you said, it'd be at least five years, though depends on how mainstream bitcoin goes.

yep, you are right.

[Kprawn]

From his lips to the Bitcoin gods ears!

We can do with a bitcoin boost and a well deserved holiday from all the price drops. 

[gmx95]

That's an old news. From time to time someone comes up with such predictions, but they don't say when they expect the price to reach that level. I also think it may take 3-5 years, if ever.

[cryptoart.com]

That's an old news. From time to time someone comes up with such predictions, but they don't say when they expect the price to reach that level. I also think it may take 3-5 years, if ever.

Of course this one is a billionaire-- and a very influential one at that.  No telling how many countless billions he influences.  DFJ has $7 billion.

He is saying that BTC is a safe haven, and it will take them 3 years to build the global ecosystem, and control enough of it to take the price where they want it.

[Wonka]

I really would love it if it got to $10,000 as I will be pretty rich, but I think this is mostly whishful thinking by Draper. Not impossible but just seems too improbable for me.

[seriouscoin]

I really would love it if it got to $10,000 as I will be pretty rich, but I think this is mostly whishful thinking by Draper. Not impossible but just seems too improbable for me.

oh really? idiots like you said the same thing when btc was $2.

$100 ? are you fcking retards? no fcking chance .....


Move along sheeps.

[LiteCoinGuy]

I really would love it if it got to $10,000 as I will be pretty rich, but I think this is mostly whishful thinking by Draper. Not impossible but just seems too improbable for me.

oh really? idiots like you said the same thing when btc was $2.

$100 ? are you fcking retards? no fcking chance .....


Move along sheeps.

but 1000 USD is impossible.

[Jamie_Boulder]

Yay, more encouraged 'investors' inflating the price and ruining it for us that actually want to use our Bitcoins...

[kibblesnbits]

Yay, more encouraged 'investors' inflating the price and ruining it for us that actually want to use our Bitcoins...

Exactly.  He bought 30k coins for what, ~$600 each?  He'll dump as soon (or if) BTC hits $1,200. 
I don't think he realizes that these "pie in the sky" ridiculous forecasts actually makes the whole thing look like a pump 'n dump.

[Jesu]

Yay, more encouraged 'investors' inflating the price and ruining it for us that actually want to use our Bitcoins...

Exactly.  He bought 30k coins for what, ~$600 each?  He'll dump as soon (or if) BTC hits $1,200. 
I don't think he realizes that these "pie in the sky" ridiculous forecasts actually makes the whole thing look like a pump 'n dump.

Draper has been spending too much time on Bitcointalk.org

Lol. Haven't we all. This is the trouble with these price speculations, they're always made by people who have shit loads of coins so it's in their interest to hype them up.

[Bitcopia]

Yay, more encouraged 'investors' inflating the price and ruining it for us that actually want to use our Bitcoins...

Exactly.  He bought 30k coins for what, ~$600 each?  He'll dump as soon (or if) BTC hits $1,200.  
I don't think he realizes that these "pie in the sky" ridiculous forecasts actually makes the whole thing look like a pump 'n dump.

Ah, I see Tim Draper discusses his financial plans with you. In case you happen to not be his financial advisor or confidante, give this article a scan:

http://pando.com/2014/07/02/digital-currency-utopia-tim-draper-wants-to-use-his-30000-new-bitcoins-to-boost-emerging-markets/

A notable quote suggesting he's not looking to dump, "Draper opened the event with a few prepared remarks, focusing on the potential for bitcoin to impact emerging market economies, where unstable fiat currencies and limited access to financial services severely limit commerce. It’s with this outcome in mind that Draper has partnered with his portfolio company, Vaurum, to use the newly acquired coins as a source of liquidity in these developing markets."

If you didn't watch Draper's remarks in response to the news that he had won the auction, then please do. He's clearly not looking to pump and dump, and he makes it clear when questioned during his comments that he is not interested in the price right now, but maybe in 5 years or 10 years. He's interested in building infrastructure, and if that "pumps" the price, it pumps it in a fundamental way with staying power.

Please stop posting poor assumptions as facts.

[1K]

I don't pay attention to any speculation by anyone on the price because it is escatly that - speculation. It's all just guesswork based on biased motives.

PS. I predict one hundred million dollars.