Tech billionaire Tim Draper has set a $250,000 Bitcoin (TIKER: BTC.EXANTE) price target for 2022.
Draper made the remark, speaking to a crowd of tech enthusiasts outside Draper University, Tim Draper, founder and managing partner of Draper Associates and Draper University.
“I’m thinking $250,000 a Bitcoin by 2022,” Draper said. “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!”
Draper also predicts that blockchain will disrupt and transform finance, healthcare, and many other industries.
“The blockchain is one of the most transformational technologies that has happened in the history of the world, and it is totally worth celebrating,” Draper told local news media outlet the Daily Journal prior to the start.
The American venture capital wore a Bitcoin tie as he appeared on Fox News to talk about a plan to cut California into three states.
In 2014, Draper made headlines after buying 30,000 Bitcoins for $600 apiece worth a total of $18.5 million at an auction by the U.S. Marshals Service.
Previously, the serial Bitcoin holder had correctly called the rise to $10,000 in 2017 – a full three years beforehand, when Bitcoin prices hovered around $300.
By Siranush Ghazanchyan