Tim Draper stuck to his recent $250k Bitcoin call, but he even moved up the timeline...
If $250k bitcoin didn't sound that pie-in-sky already, how about naming a date for that price target?!
That is exactly what billionaire investor Tim Draper did earlier in the week.
He said that he thinks bitcoin will absolutely get to $250k, and it will happen by the end of 2022 or beginning of 2023.
Well, at least he isn't calling for $1 million bitcoin by the end of this next year...
I'm looking at you John...
(Source: http://dickening.com/)
Not quite as crazy as ol John, but still out there...
In John's defense, Tim did go on to say that he thinks it will absolutely happen by 2022 or early 2023...
"It’s pretty likely that we’re gonna hit $250,000 by end of 2022 or early 2023 based on customer adoption of Bitcoin and I think it’s spreading."
(Source: https://coinpath.io/news/bitcoin-btc-to-250000-mainstream-traders-analyse-tim-drapers-call/)
But he did squeeze in there that he thinks, it's entirely possible that $250k number could be hit by the end of next year...
By the end of 2020!
That is more along the lines of ol John...
Is that price prediction even possible?
Actually, yes.
If you just look at the historical log chart of bitcoin, the top of the channel it creates points to a top around $250k by the end of 2022 or early 2023.
Which, interestingly enough, is exactly what Tim is pointing to...
(Source: https://coinpath.io/news/bitcoin-btc-to-250000-mainstream-traders-analyse-tim-drapers-call/)
Hmm...
What's more...
If bitcoin were to just take half of the current gold market, and I think it could some day, you would see a price around $250k per coin.
I think this price prediction is actually very possible, but time will tell if it ever actually gets to those levels, and I think it may take longer than a year or two to do so.
What do you think?
Is $250k bitcoin possible?
Stay informed my friends.
-Doc
It's an amazing forecast, I will be happy with $100k.
Same here. I would be happy with $20k bitcoin again at this point. :)
I would be freakishly dancing in the streets in my underpants happy with 20K BTC.
Especially if it means dollars again for the price of steem!
20K BTC is around the corner. If we want to make 100k Bitcoin needs to be more accessible. We need more ways to purchase BTC. Paxful and Bitspark understand it. Bitspark has cash points for cash economies to buy into bitcoin. 250k in 3-4 years
I would settle for 100k
Personally like some others, I'd be very happy to see Bitcoin break past and hold above its ATHs at $20,000 just for a start. While I have no doubt of Bitcoin's future growth potential, I think Bitcoin needs to get all the notes right for it to reach a $250,000 valuation in 2-3 years time, which could prove difficult. But I'm happy to be wrong :-)
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