Tim Draper confirms bitcoin forecast to rise to $250,000

June 16, 2021

Tim Draper confirms bitcoin forecast to rise to $250,000

The first cryptocurrency will reach the $250,000 mark by the end of 2022 or early 2023, despite sharp price fluctuations. This was announced by venture capitalist and billionaire Tim Draper.

Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022 https://t.co/MHA88aQnUB

— CNBC Make It (@CNBCMakeIt) June 14, 2021

According to the billionaire, demand for digital gold will increase by then. Another driver will be limited issuance, says Draper.

"Give it [bitcoin] about a year and a half and all retailers will be using OpenNode," said the investor.

In 2018, Draper predicted the growth of the first cryptocurrency to $250,000 by 2022 and called blockchain one of the most remarkable inventions in human history.

At the same time, the billionaire invested $1.25 million in bitcoin processor OpenNode.

In a 2019 exclusive interview with ForkLog, Draper revealed what's behind his prediction regarding the price of the leading cryptocurrency.

Recall that in March 2021, the investor suggested that Netflix would acquire bitcoin as part of its reserve management policy and online retailer Amazon would add it as a payment option.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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