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

  • Yuri Molchan
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    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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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
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China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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