Tim Draper’s Bitcoin Prediction Could Be a Reality By the Year 2022

That silly feeling when one realizes the power of investing in a fraction of a Bitcoin speculating huge amounts of returns. Billionaire Venture Capitalist Tim Draper made a prediction that Bitcoin would surge to a valuation of $ 250, 000. It means that any slight drop in the Bitcoin price currently should hint for investment.

The coin seems to be stuck at the $6,400. Market actions inclusive of a global capitalization of $201 Billion for the entire cryptocurrency industry and Bitcoin dominance increasing by 47 %.Such trends have maintained investor predictions about the valuation rising with time. The estimation that within four years of crypto trading, a Bitcoin will cost more than a $100,000 seems to be fictitious; especially when the current price trends seem stagnated. The prediction means the price will multiply by thirty times to reach Draper's expectation.

Draper won the United States Marshals auction that included 30,000 Bitcoins. The amount had been seized from the Silk Road Marketplace which is currently defunct. The auction happened in June 2014 when a single BTC was valued at $600. Today's capitalization incase Draper held on to the investment would be somewhere around the figures of $243 Million.

It is important to note that Draper's previous predictions have come true. In 2014 he also predicted the price of Bitcoin will achieve the $10,000 thresholds within three years. In 2015, the Investor also predicted that the price would soar beyond $10,000 by the end of 2017. The predictions came true with BTC chatting around $19,800 by November of the same year.

Draper, a co-founder of Draper Associates met with cryptocurrency enthusiasts at his University Draper University. It is in this meeting held on April 2018 that the investor maintained his stand about skyrocketing prices of the coin.

The investor has revealed endless times that the Bitcoin-bubble is here to stay. A series of his assertions have been detailed from a number of interviews and press conferences. In one his tweets, Tim Draper also claimed that his last night's tweet lacked a zero and the real prediction is ‘250k'

Some investors are cautious about the Bitcoin spree given that Tim Draper's predictions come at a very critical moment. The dropping of the price from its December 2017 peak to $6,000 as well as increased regulatory changes bring a lot of uncertainty. Profitability in cryptocurrency sometimes could be influenced by keen market analysis or just mere luck.