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Tim Draper Says His $250,000 Bitcoin Forecast by 2022 Could Be Conservative

  • Yuri Molchan
    📰 News

    The Bitcoin bull Tim Draper says his $250,000-per-one-BTC forecast by 2022 could be ‘understating the power of Bitcoin’ - does he agree with McAfee on $1 Mln per BTC?

Tim Draper Says His $250,000 Bitcoin Forecast by 2022 Could Be Conservative
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In a recent interview, to an Israeli news outlet, the famous Bitcoin permabull Tim Draper confirmed his earlier forecast that by 2022 Bitcoin price would reach the $250,000 mark.

He also added that this is actually a conservative statement.

Tim Draper still bets on $250,000 per 1 Bitcoin by 2022 but says that’s being modest

When talking to BlockTV the other day, the prominent Bitcoin supporter and evangelist Tim Draper confirmed that he still believes BTC will hit $250,000 per unit by 2022.

Doing this, he bets on a much lower BTC price than the crypto mogul John McAfee. The latter insists that exactly on December 31, 2021, Bitcoin will hit $1 mln. The crypto baron has put his own genitals at stake, so he is expected to be serious on this one.

To reach $250,000 by 2022, Draper says, Bitcoin must grab 5 percent of the overall global currency market. And that, he says, could be only if one underestimates the power of Bitcoin, therefore assuming that the BTC price could surge much higher.

$250,000 means that bitcoin would then have about a 5% market share of the currency world and I think that may be understating the power of bitcoin.

Perhaps, thus he hints that BTC price may come close to John McAfee’s bold forecast.

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Pompliano says: Bitcoin fundamentals are getting better

Another famous Bitcoin proponent, Anthony Pompliano from Morgan Creek Digital, tweeted yesterday that Bitcoin fundamentals are getting stronger.

In the comment thread, an argument rose between those who reckon that Pomp meant the rise of BTC hashrate since 2017 when BTC price hit its ATH.

Others disagreed, saying that hashrate does not matter that much when it comes to price moves.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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