Bitcoin price predictions: Experts support billionaire investor Tim Draper’s ‘$250,000 by 2022’ forecast

Bitcoin price predictions: Experts support billionaire investor Tim Draper’s ‘$250,000 by 2022’ forecast

Bitcoin price predictions: Experts support billionaire investor Tim Draper’s ‘$250,000 by 2022’ forecast

Billionaire U.S. venture capital investor Tim Draper’s bold prediction that Bitcoin would hit $250,000 by 2022 received backing from CNBC’s Brian Kelly this weekend.

Kelly, of a�?Fast Money,a�? supported Draper’s position in an interview Saturday in which he said a�?it sounds crazya�? to consider that BTC [Bitcoin] already had a 4,000 percent return over two years and a 3,000 percent return in four years may be a a�?continuation of the trend we’ve seen.a�? Kelly said that mainstream institutionalized money flooding into the cryptocurrency sphere from Rockefeller’s VC arm, Soros Fund Management and even a Goldman Sachs executive have decreased the volatility in investing, Cointelegraph first reported .

Kelly compared Bitcoin to some of the first big players on the Internet, including Cisco and Microsoft. a�?I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility,a�? explained Kelly. Fundstrat’s Tom Lee blamed Bitcoin’s earlier price fall on a large-scale taxpayer sell off ahead of the April 17 federal tax deadline. Draper initially made the bullish prediction while speaking at a Blockchain event hosted by his own university in San Mateo, California Thursday. He told attendees and investors to a�?believea�? in the lofty predictions, Cointelegraph reported .

Billionaire U.S. venture capital investor Tim Draper’s bold prediction that Bitcoin would hit $250,000 by 2022 received backing from CNBC’s Brian Kelly this weekend.

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SOURCE :The Nigerian Voice (local news)

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