RATE Group | Tim Draper Keeps $250,000 Bitcoin Price Target, Says It Will be Bigger Than the Internet
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Tim Draper Keeps $250,000 Bitcoin Price Target, Says It Will be Bigger Than the Internet

21 Sep Tim Draper Keeps $250,000 Bitcoin Price Target, Says It Will be Bigger Than the Internet

Posted at 01:50h in Bitcoin News by

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Billionaire Bitcoin enthusiast Tim Draper remains confident that the dominant cryptocurrency will reach his famous $250,000 price target by 2022.

Tim Draper Expects Crypto Age to be ‘Bigger Than the Internet Ever Was’

The venture capitalist known for his early stakes in Tesla, Skype, and Hotmail, was interviewed by TheStreet at the Crypto-Finance-Conference in California. The talk grazed through the underlying technology, the impact on the broader economy and cryptocurrency regulation before reinforcing his Bitcoin price target and timeline.

“This is going to be so big so if you see a dip, jump in. Maybe it will dip further but boy, I made that prediction and I’m sticking to it. $250,000 by 2022 for Bitcoin.”

Tim Draper first entered the cryptocurrency ecosystem through Bitcoin mining, but his holdings disappeared in the famous Mt. Gox hack. A second shot arose when U.S. Marshals put 40,000 Bitcoins from Silk Road up for auction, which saw him acquiring the whole amount….

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