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Tim Draper Predicts Upward Trend for Cryptocurrency

Discussion in 'Articles/News' started by Mark Mason, Apr 16, 2018.

  1. Mark Mason

    Mark Mason Active Member

    Feb 24, 2017
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    Tim Draper Predicts Upward Trend for Cryptocurrency


    Tim Draper, the famed investor who once said “the world needs this new kind of currency”, now predicts Bitcoin will reach $250,000 USD by 2022.

    Draper unveiled his prediction at his blockchain party and via tweet, even though he mistakenly proclaimed $25K in his first tweet, which was later clarified to be $250K. He even emboldened his prediction in a giant sign displaying “Tim Draper predicts Bitcoin @ 250K by 2022” outside his entrepreneurship program, Draper University. Draper did not expand on his prediction methodology.

    Draper, who founded the venture capital firm, Draper Fisher Jurvetson, and also lead successful investments in Skype, Tesla, Twitter, and SpaceX has said that he was attracted to currency not tied to a government, “so when Bitcoin showed up, I was all over it”. Draper is known to have purchased $30,000 in Bitcoin from the U.S. government during their liquidation of confiscated funds from Silk Road.

    Read more: https://www.dashforcenews.com/tim-draper-predicts-upward-trend-for-cryptocurrency

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