‘I’m Thinking $250,000 By 2022’: Tim Draper Reveals New Bitcoin Price Target

Bitcoin’s substantial $1,300 price correction since yesterday has led to several new bullish predictions for the coming years, with the latest from investment tycoon Tim Draper, who forecasted a whopping $250,000 by 2022 during a speech April 12.

Speaking at a Blockchain event hosted by his own Draper University in San Mateo, California, the famous Bitcoin bull and venture capitalist told audience members to “believe” the sky-high figures would come true.

“I’m thinking $250,000 a Bitcoin by 2022,” he said, looking into what he described as a “crystal ball”, and continuing:

“[…]Believe it, it’s going to happen – they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!”

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While the crowd appeared to give an unenthusiastic reaction, Draper’s words may yet ring true in the mid-term among Bitcoin markets. In 2014, when prices were at times less than $320 a Bitcoin, the investor correctly predicted that BTC/USD would pass $10,000 in 2017.

Adding to praise surfacing among Bitcoin commentators on social media, Draper’s son Adam, also a venture capitalist, called him a “legend” for going public with the $250,000 figure:

This week also saw a similarly buoyant tone come from Fundstrat Global Advisors cofounder Tom Lee, who on Thursday told CNBC he was “confident” Bitcoin would hit $25,000 before the end of the year, a prediction he has made before.

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