Topic: Tim Draper - Bitcoin Price Will Hit 250 000$ In 2022! (Read 541 times)

Well he got it right on his first prediction but it could also just a huge coincidence. Nevertheless, his experience in this crypto market will still have a bull trend effect because of his good calls.

Price of 1 million $ in 2020 is really exaggerated,I think most can agree with that.But most people will prefer to discuss about such prediction and make some calculations how price will get there,rather than comment on some more realistic things.


Unlike some others who just talk(bad or good) about cryptocurrency,Tim Draper was actually investing billions in various projects that are very successful today.I'll just give you one example,Coinbase is one of the most famous exchanges in the world today and Draper is invest 1.6 billion $ in that company long time ago.When we just see list of companies he was early investor : Coinbase, Hotmail,Tesla,SpaceX,Skype and many othes,then it is clear that this is a person who knows how to recognize the real opportunity.

Also he is investing in future of crypto on his university,there you can attend course which is related only to cryptocurrency&blockchain.Knowledge is power,more people who will know about possibilities that blockchain&cryptocurrency offers them means that future for the mentioned looks very promising.

There are lots of predictions out there with some people saying by the end of 2020 the price could be as high as 1 million. I don’t think prices for Bitcoin will get this high for several years. With all of the volatility in the cryptocurrency markets, there will be down years as well as up years. I think the overall growth will be more steady.

Some people say that hope is a gambling, is that true?

Rather than waiting for an expectation, we better seek information and learn how to speculate with proper analysis. this forum is one of the ways we get that information.

I have never heard of Islam receiving bitcoin. If it pleases there can show me a valid article about the news because I know that bitcoin and stock according to Islam is still a consideration between allowed or not.

Whether his prediction is correct or not. I think we can all agree with high confidence that in 2022 Bitcoin will be far far higher than it has been up to this point. Maybe its $250k, maybe its only $100k. But $6k or $8k or $20k will no doubt be viewed in a few years how we view $200 or $1000 now.

So it's better to speculate and make high hopes for future bitcoin prices in appeal spread lies to affect the bitcoin price, is it true?

Actually I am a person who is not smart to speculate, and for me speculation is a hope, hope that will always be in my chest. And sometimes I am quite bored to also see threads that predict bitcoin prices in the future but I am in this forum, like it or not I need to have an opinion.

And seeing on yesterday bitcoin prices rising up to $1000 within an hour proves that bitcoin prices can reach $250,000 by 2022, in the future there will be many regulations that accept bitcoin, recently I read the news that Islam makes a statement that bitcoin is permitted to use. This will make the bitcoin price higher than the year before.

What would be Bitcoin's connection to the dollar be besides it trading more like a small cap stock or a commodity but with higher volatility?

I believe nothing unless the largest banks start including Bitcoin in the trillion dollar per day forex market.

whats wrong in speculating?this is speculation section and everyone is entitled to its own opinioj,and besides this is better than fraud or misinformation,and with fake news ..from this thread bitcoiner has new hope to look out and if this things becomes reality trust me,you will be the first person to jump and celebrate lol

When Tim Draper says something, I respect it. The reason is that he predicted way back in 2014 that Bitcoin will cross $10,000 in 2017. He did that when the price was languishing in the low hundreds and nobody expected Bitcoin to bounce back. It wasn't empty talk, he put down money to back his views - he bought the Silk Road bitcoins as well.

I'm not expecting for bitcoin to increase that quick. How about you? Did you know or you even expected that sudden rapid increase last time?
Yes, we are all waiting for this a very long time since we've been too many dips and corrections but I'm not really expecting that it will come that way.
To expect this prediction by Tim Draper on 2022 this is giving me the chills that I'm start to collect and store more bitcoins until the price goes up to $250,000 soon.
This will make all of us reach even you only store 1 bitcoin in the future.

Why do you think this bitcoin price increase was unexpected? Everybody was waiting for this for a long time. Before that, speculators easily broke all resistance points. But when the price of bitcoin fell to 6500 dollars it was the limit. There was nothing else they could do. From this moment it was known that further we are waiting for the rise in prices.

2022 is 4 more years to go. But for the next months to come there are many exciting and increase that are unexpected to come.
The first wave of this unexpected increase happened few days ago when bitcoin hits finally at $8,000 for just 30 minutes.
There's billion dollars that is coming in to bitcoin because of the bigger investors and this can finally keep on going as its popularity is becoming larger.
Keep on holding until the best prices come.

$250k is probably a bit high for 4 years.

During that time Bitcoin might have another boom in 2019, then maybe another around the halving in 2020, then maybe another in 2022. Or maybe it happens a bit slower and there are only two booms by then. Anyway 2-3 more booms to me suggests over $100k, maybe even over $150k at the peak, but not quite to $250k territory.

But if you've been buying bitcoin or are buying it now during the bear market, does $100k or $250k really make much difference. If it hits $100k in the next four years I'll be more than happy.

As I say before,this prediction/speculation does not have to be true,but Tim Draper certainly has credibility to say something like this after all positive things he did for BTC over the years-and beside that he invest in so many companies which were practically worthless and today worth billions.For years from now we will see whether he was right or it has made a mistake.


Tim Draper is announced that he will do this prediction more the 4 month ago,perhaps it is a coincidence-or he stands behind sharp increase in price?
Also this article is not affect me in the way I will go to spend money on BTC,it is just speculation-and I am far more then some newbie who will invest in something just because is written in some newspapers.


I can only say that would be good that there are more people in the world who think positively,probably the situation with cryptocurrency would be much better than it is today.But it is not all about how to get rich,it is much more then that.Some thoughts of Tim Draper which is worth to listen :

Tim Draper Q&A about Bitcoin and the Blockchain 2018

honestly, I always believe in people who have such positive thoughts, because people who have positive thoughts do not discourages me much, sir. if this happens again as of 2014 then, there will be many people who become suddenly rich again in the year 2022 later ,,, haha
I will buy some more bitcoins to invest in longer.

This is pretty positive predictions and I hope it will really soar as to that of the expected price increase. But I would say that it is too early to be stating those escalations. As we all know we are just able to predict but nobody can direct the actual price. And we all know the volatile nature of bitcoin it will rise but it may fall in just a matter of minutes and vice versa..We can never say if this will actually become true but I really hope it does!

Pretty crazy prediction for sure.

Words from ultra-bulls like Tim Draper and John McAfee have to be taken with a grain of salt.

To be honest, if the bull market is big enough, then the $250k per coin scenario is plausible. But that's a big if. We haven't seen anything like this and would need legitimate mainstream adoption, and a ton of institutional investors adopting/investing in bitcoin in the next few years. I wouldn't take this as a guarantee, it's merely opinion of others. If you invest solely because some guy said BTC will reach $250k, then that's not a good decision ta make.

He did predict that bitcoin would reach $10000 in 2017, and he was definitely right on that matter.

However, he is still over-bullish to me. I think the only way for $250k per bitcoin by 2022 to become a reality is if bitcoin can reach mainstream adoption within the next 4 years. I personally think it'll take much longer than that.

Plus, it's way easier to go from $400 to $20000 in 4 years, compared to $7000 to $250,000 in 4 years. They're just on completely different magnitudes.

But that doesn't mean that you should stop being bullish on bitcoin in the long term, don't take others word for it. Make your own decisions, and don't expect such miracles to happen just because some Tim Draper said it.

It could happen. I mean nobody expected the 2017 pump to go so high, not even myself.

But IMHO it would surprise me very much if that was the case. First of all, I think the pump will come in 2021 instead of 2022 because of the fact that pumps usually always happen 1 year after halvings. 2022 would be similar to this year, basically a bear market, if history can be related upon in this scenario. I just don't see BTC going as high percentage wise as it has, last year.

I would think that BTC reaching $50k or even 100k by 2022 is a real probable event, but $250k seems a bit high.

Also, note how all of this bullish news is coming out as soon as the market gets pumped 15% in one day. Don't let these articles affect your emotion and guide you into FOMO buying. That's the worst thing to do.

You know, even the so great McAfee said that if bitcoin's price doesn't reach 500,000$ by the end of 2020,he would eat his own dick(even though I don't see how that's possible   unless you chop it off). I don't actually want to care about what these investors think. They are rich but sometimes they just cross their own limits for money. This shit is getting old now.

Extrapolation has a lot of problems.


It's like weight lifting. It's easy to go from lifting 10 kilos to 50, but 250....that's something different

And there is more to it than just holding coins which would be the easy way to reach high prices.
There is the problem of the inflation, right now we print about 100k every 10 minutes, even with the halving coming before this we will still need 1.5 million poured in every 10 minutes.
It's a lot of money, a lot, and this is on top of everything else.

And if we go on just holding and not selling, that would just make bitcoin useless for merchants or traders, and with limited use you also lose value, you have o balance those in order to keep the attention on you or people would switch to something else.

Plus there is this obsession people have about round numbers.
We're going to linger a lot around the 10k mark unless something really big happens but around 100k$ (if ever) we're going to spend years, a lot of years.

Ps...
Is he going to eat something unless this happens or not?  

Tim Draper's expectation is not that crazy as some of us might think. Price of bitcoin is expected to be constantly growing.
I anticipate that the price of BTC after the halving in 2020 will be easy 10x-15x higher than it is now. It is rather safe to say that BTC value will increase over time.
By the way - what happened to the ridiculous prediction of John McAfee - not so long ago he was extremely bullish on Bitcoin and said that price will reach $1 Million by 2020.

It is possible but i think it is unlikely. Bitcoin tends to surprise us though
I hope he is right, my prediction is somewhere between 50 and 100k by 2022.

Tim Draper and the Winklevoss twins are probably the most intriguing high level entities that are quite open to the outside world about what they believe Bitcoin will and can achieve. My personal target is a bit more conservative, which is $50,000 before the end of 2020, which I think has more than decent chances of becoming reality. Everything above my prediction is a more than welcome bonus that I will consider a reward for my believe in Bitcoin's potential. Sellers in current time frame are losers, which is something that has never changed throughout the years. People thought it was smart to cash out their holdings at $1000, then $2000, then $3000, etc....

I don't want to underestimate any of these so-called predictors/investors, they probably have been around for longer than I have been, thus, they definitely have more knowledge that I do. However, I deem these kind of predictions overly optimistic and unrealistic, only time will tell for sure.

I don't think that is possible to happen in 4 years, $ 250k is too big and eventhough year by year bitcoin price continue to increase but 4 years is not enough to reach that's value. we can only predict but we never know what will happen in the future, may be in 4 years 100k is possible value for bitcoin.

Institutional money is just beginning to pour in, we'll easily surpass $250,000.

This is very possible, if we touch 100k at the next halvening in 2020. Of course there would be a long period for consolidation of this mark, but after that bitcoin would be increasing 10k in a matter of days, instead of 1k.

I believe that this year we will see small communities begin to adopt Bitcoin as their main currency. Many people living in stable countries have no idea of the conflicts taking place around the world between peoples and the reprehensible state that represents them.

There are several places in Africa and the Middle East where a small part of the population would like to have complete economic and commercial freedom.

Bitcoin can begin to provide this on a scale and facility much greater than the dollar. With the dollar, it is necessary a physical storage. That in a region in conflict is very difficult. Bitcoin can represent a sight without weapons. A fight for freedom.

List of ongoing armed conflicts
live map

It's indeed a very brave prediction.
On the other hand the asymmetric potential to the upside is so incredibly huge, that's why many of us are here I'd say. Because Bitcoin could change our lives to something much better.
My personal opinion is that I would more agree with Mr. Draper's price forecast if it would be 2-3 years later.
Until 2022 we will only see 1 halving. If he would have said 2024 or 2025, well this would be 2 halvings and the impact of the blockreward getting cut on half would be much more significant imo.
At least he isn't as crazy as John McAfee right?! 

I don't know about $250k in 4 years time. But I do think 6 figures will definitely be the norm by then. I could see the price peaking above $100k in 2020 maybe and then falling significantly below that for a while and then moving into 6 figures for good by 2021 or 2022. But I don't see as high as $250k happening unless Bitcoin devs can figure out the scaling problem (which goes much beyond simply adding LN).

As much as I want him to be right, don't make the mistake of assigning credibility for future predictions based on past predictions! Many people made many different predictions, so some of them are likely to be correct. Some people can even have a few correct predictions.

If I simply extrapolate Bitcoin's all-time graph in log view, a $250k is on the upper end in 2022. The lower end is around $40k.

Probably. But if he still has his 30kBTC, he has 30,000 reasons to be optimistic about Bitcoin's future.

One thing I've noticed with both Bitcoin and virtually all altcoins, is that they always spike up very high, and then drop again. It's never a sustained growth, it's always an overshoot followed by a hard drop.
Since this patterns has repeated itself so many times, it actually gives me confidence it will happen again (and yes, I know past results are no guarantee for the future).

There's only enough Bitcoin for at most 1 in 500 people to own a whole coin. Even holding a fraction can pay off (I've helped several people IRL buy for a couple hundred euro).

geez..
he is overly optimistic about Bitcoin price,the halving may increase Bitcoin price significantly and at best we could see it around $50.000 more or less(because it is halving,the price needs to increase at least 2 times from before).
but did he think it is an affordable numbers for people to buy it ? because in my opinion it is too much.
if Bitcoin reachs that point,i believe people will start to use another coin to replace it as their tool to make the transaction.
so i doubt that it will ever reach that point.

I am not a fan of any predictions higher than $100,000 because in order to at some point reach $250,000 and higher, the majestic and fierce $100,000 level has to be broken through. In other words, all predictions above that level are noise for me and don't make any sense until the aforementioned happens. We have some crazy events and happenings that I believe will steer the market to way higher levels in the forthcoming years.

The main thing for me to look forward to is how coin backed funds will dry out this market (ie, take supply off the market for a longer time) once they are approved by their respective regulators. Bitcoins are quite scarce already by how people are firmly holding them, and continue to hoard more, but that will change when things speed up a notch of ten or twenty due to these funds.

The last halving had a tremendous impact on the market. The main point here is that in the last years, everything happens in advance of that what's going to happen. The previous block halving wasn't any different; we had a major increase in the runup to the halving, and when the halving took place, the price reflected the decrease in supply, and thus didn't had to increase further. People think nothing happened, but don't bother to look further and thus fail to see what happened prior to the halving.

That is crazy guess. But I really don't find it impossible. Wealth value of bitcoin is very high because its fixed supply. When you compare it to basically 0 value dollar (unlimited supply) 250000 dollars is possible too. But dollar should be devalued for that..

After reading, this is my reaction. "WOW!". I like this prediction unlike John McAfee's ridiculously high speculation on 2020. I just have to endure the temptation of selling now until 2022.

What I'm only thinking is by that time, bitcoin's popularity is wide and in every country everyone shall know it. But with what you said, it's another factor.

McAfee has $1,000,000 by December 31 2020.... I had something like Tim Draper's prediction in mind. For me 6 figures will come somewhere early on the 2020's decade. $1million prediction by McAfee is most likely overkill, but don't rule it out, it's definitely possible due the exponential growth nature. Just look at the growth rate during the rise to $20k. We were seeing gains of $1000's daily. This at a bigger scale in which whales are trying to get a position, could make growth of $10,000 daily during the exponential phase. In any case, it is insane not to be holding at least 1 BTC in 2018.

Right on. I'm sure if anyone dug up enough predictions from him, they'd notice they were not always on the mark. I think even a year's valuation would be enough to be in the "right region". The way Bitcoin moves, you only need to be right for a few minutes before corrections happen (might be more interesting if he'd make a prediction on a closer average rather than just a spot price.

Again, all due respect, at least he had his money where his mouth was/is.

On 2020: the last halving didn't seem to have much bearing, but I suppose by the next one, mainstream will see it as a huge scarcity factor. Olympics though? Who knows.

not to undermine Tim but it is always a safe speculation to say bitcoin is going to rise ridiculously big in long term (3 years for example) and many others, even simple members have been doing that!

what i think is that we will see a huge rise in 2020 because there are a couple of things that are happening by then. biggest one is the halving. and also the Olympics 2020 in Tokyo Japan which is turning into the heart of bitcoin merchant adoption of the world. the sheer publicity is going to increase the adoption 100 folds.

It's real. I also believe in this scenario. But if honestly say the for me nothing not will change even if I will know on 100% that this prediction will come true. I don't have a lot of money to buy bitcoin. I can't stop selling coins because I have to live for 4 years. Therefore, we cannot change the course of events even if we know the future.

That would be quite a wild thing, would the dollar not need to be devalued for such a high Bitcoin value?

Some of you have heard, others may not for Tim Draper , he is very famous venture capital investor and a great supporter of BTC&blockchain technology.In 2014 he bought around 30 000 BTC on auction,and that year he give statement that 1 BTC will be worth 10 000$ in next three years,which of course came true.

Yesterday he announced new prediction on his blockchain party at Draper University,anticipating 250 000$ per BTC at the year 2022.I remember 2014 and how many people joked on his account,but in the end he laughed at them.I will not say that this time he is right again,but I think he is one of the people whose thoughts we should take very seriously.

More info&video from event : Tim Draper 2018-2022 Price Prediction