Billionaire Tim Draper predicts the price of Bitcoin will reach US$250,000 by the end of 2022. He continued, the main cryptocurrency will be at the core of all financial activity for the next 20 to 30 years.
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| Tim Draper. Source: Yahoo |
The US venture capitalist shared his bullish view with CNBC.
Despite the volatility in the crypto asset market, Draper predicts the price of Bitcoin will reach US$250,000.
In addition, Draper estimates a number of large companies will follow Microsoft, Starbucks, PayPal and Home Depot and start accepting Bitcoin as a means of payment.
According to him, within a year and a half the retailer will use the Bitcoin payment processor Opennode and accept Bitcoin.
The investor highlighted the supply of Bitcoin only amounted to 21 million units and that this was another reason the price would increase compared to fiat money.
Draper saw the asset could become the world's major financial instrument and potentially as big as industry giants like Microsoft and Amazon.
Draper is a well-known Bitcoin investor but he is reluctant to reveal how much he has Bitcoin deposits and whether he buys other crypto assets.
Regarding Elon Musk, Draper feels Musk is a smart person but does not agree with Dogecoin.
Draper agrees with critics of Dogecoin who argue its goal is simply to bring fun to the crypto community.
"There's something about Dogecoin because it makes us all smile but no developer is working on it," said Draper.
Draper stands by his word. In early 2020, he gave the Bitcoin price forecast, but at the time he claimed Bitcoin would hit $250,000 by early 2023.
The investor stated that the stock market is not new anymore and he plans to allocate his portfolio to the crypto market.
Although there is still a long way to go, Bitcoin is a big player and will attract the attention of the masses thanks to its positive features.
“Bitcoin will be the currency of choice. Bitcoin is not easy to move, but it will gradually. Users have the choice of whether they want to pay the bank 2.5 to 4 percent each time they swipe a credit card or currency, it is frictionless, open, transparent, global and politically free,” Draper concluded.
https://blockchainmedia.id/tim-draper-harga-bitcoin-us250-ribu-tahun-depan/