Billionaire investor and Bitcoin bull Tim Draper is calling his 2022 BTC prediction of $250,000 “conservative.”
In a new interview with BlockTV, the tech entrepreneur who was an early investor in Skype, Hotmail, Tesla, SpaceX, Twitter, Coinbase and Robinhood, among other companies, says his quarter-million-dollar estimate for the world’s largest cryptocurrency is a lowball figure.
“I hit the number on the head when I predicted $10,000 three years before it hit $10,000, and it happened within a week of my prediction, sort of like the spirits have been with me. At $250,000 – means that Bitcoin would then have about a 5% market share of the currency world.
And I think that may be understating the power of Bitcoin.
As it becomes easier for people to use, and as people decide – if I’ve got a choice between Bitcoin and fiat today, they might choose fiat because fiat seems easier to pay Starbucks or whatever. But longer term, if people pretty much can do whatever they can do with fiat with their Bitcoin, they’re going to make the decision that they’re going to like Bitcoin better than fiat, because they know that their fiat will depreciate in value because naturally people have a natural inflation rate in their governments.