TIM DRAPERS PRICE PREDICTION OF BTC
Tim Draper surmised that Bitcoin (BTC) will trade at $250,000 by the end of 2022, and many corporations will accept it as a payment method. The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20–30 years. BTC Is The Future Tim Draper — an American venture capital investor — shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of next year. Additionally, Draper said numerous large companies would follow the example of Microsoft, Starbucks, PayPal, Home Depot and accept bitcoin as a means of payment: ”Give it about a year and a half and retailers will all be on Opennode [bitcoin payment processor], so everybody will accept bitcoin.” The investor pointed out that only 21 million bitcoins can exist in circulation and this is another reason that will drive up its fiat value. He predicted that the asset could turn into the world’s main financial instrument, and it has the potential to become as dominant as giants like Microsoft and Amazon. Draper is a renowned bitcoin HODLer but refused to answer the host’s question of how much he owns or whether he has located some of his funds in other cryptocurrencies.