The American billionaire Tim draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further that cryptocurrency would be the core of all financial activities for the next 20-30 years.
Tim draper surmised that bitcoin(BTC)will trade at $250,000 by the end of 2022, and many corporations will accept.
Tim draper shared with CNBC his 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 the years.
Draper said numerous large companies would follow the example of Microsoft, Starbucks, Paypal, home depot and accept bitcoin as a means of payment.
The investor pointed out that only a 21million bitcoins can exist in circulation and that will drive up its fair value and the asset could turn into the world’s main financial instrument, and it has the potential to become as giants as Microsoft and Amazon.
Draper stands behind his words as he initially outlined such a price forecast at the beginning of 2020. however, the only difference is that back then, he claimed the BTC’s value would reach $250,000 in early 2023.
At the time, he revealed that the stock market is not that emerging anymore and intended to allocate his portfolio to the crypto market instead.
Bitcoin will be the big player there, and even though it still has a long way to go, it will attract the attention of the masses due to its positive features.
