Bitcoin to a Quarter of a Million Dollars by 2022? This Trader Thinks So

Cryptovest

Published Apr 14, 2018 03:06PM ET

Updated Apr 14, 2018 03:31PM ET

Bitcoin to a Quarter of a Million Dollars by 2022? This Trader Thinks So

In a jaw dropping, ambitious prediction about how much room Bitcoin has to run, a Bitcoin bull says it’ll hit a mind boggling $250,000 by 2022.

This lofty prediction came from Tim Draper, who tweeted Friday that Bitcoin’s price would reach the staggering dollar amount.

Let’s discuss.

h2 Draper tweets/h2

In what could be seen as almost comical, Draper had to send out a correction tweet about his prediction.

At first he tweeted that it would reach $25,000. Then, in a follow-up tweet, he wrote he’d left out a zero, and that he had meant to say $250,000.

h2 Draper loves Bitcoin/h2

It’s no secret that Draper is one of Bitcoin’s biggest fans. That’s why his lofty price prediction raises some eyebrows.

The prediction came on the heels of others in which the consensus seems to be $25,000. The dates the crypto will hit targets varies, but none of the prices have been as high as Draper’s.

For example, Tom Lee of Fundstrat Global Research has also been bullish on Bitcoin. We told you about him maintaining his price prediction of Bitcoin hitting $25,000 by the end of the year.

Pantera Capital Management on Thursday sent a note to its clients last week noting that the price could reach $20,000.

No matter the price, the thought of most observers is that Bitcoin will continue to move higher.


This article appeared first on Cryptovest