Known for his bullish attitude towards Bitcoin, serial investor Tim Draper has voiced his forecast for Bitcoin price at the 2018 Block (Chain) Party at Draper University in San Mateo, California, on April 12. He believes that in four years it will reach $250 000 per coin.
“I’m thinking $250,000 a bitcoin by 2022… Believe it, it’s going to happen; they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!” he said.
Back in 2014, Draper somehow managed to predict the rise of Bitcoin price to $10 000 in 2017. At the time of prediction Bitcoin traded around $300 per coin. By now, Draper has amassed huge amount in bitcoins through US government auctions.
“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 the Daily Journal, a local news media outlet prior to the start of the conference.
In February 2018, LDJ Capital founder and chairman David Drake went on record, saying that “Bitcoin will be worth $30000 at the year end.”