Tim Draper: Bitcoin will reach $250,000 by 2022

The stability of Bitcoin that we have been experiencing recently is perceived by many experts as a positive sign. There are many voices emerging, [...] https://www.pinterest.com/pin/1085437947660215829/

The stability of Bitcoin that we have been experiencing lately is perceived by many experts as a positive sign. There are many opinions that the current level that BTC has been maintaining for a long time is a point from which a rebound can take place. This is the opinion of Tim Draper, a billionaire venture capitalist, among others. He predicts that Bitcoin will reach a price of $250,000 by 2022.   The stability of Bitcoin which we have been experiencing recently is perceived by many experts as a positive sign. There are many opinions that the current level which BTC has been maintaining for a long time is a point from which a rebound may occur. This is the opinion of Tim Draper, a billionaire venture capitalist, among others. He predicts that Bitcoin will reach a price of $250,000 by 2022.   Tim Draper believes Bitcoin could radically affect governments At the Crypto Invest conference in Los Angeles, Draper opined that Bitcoin is on track to reach a quarter of a million USD by 2022. One of the arguments he relies on is that Bitcoin does not have the political nature of paper money backed by governments.   "There is currently $86 trillion of political currency. They call it fiat currency, but it is political currency. I believe that this currency will slowly be eaten up by a better currency that is global, decentralized and without many restrictions. It is a better currency. Bitcoin is a better currency. I think bitcoin will be one of the five cryptocurrencies that will survive."   According to Draper, cryptocurrencies and blockchain technology have the potential to do much more than replace traditional currencies. He believes that cryptocurrencies could change the way governments around the world operate.   "I think government can be changed in a significant way. If you combine all these technologies, you have a token that is global and decentralized. The token sits on a perfect ledger called blockchain, so you don't need accounting because the accounting has already been done. You can create smart contracts and save them in the cloud so that whatever is written in the contract is done. There's also Big Data. You have the ability to take that data, combine it with artificial intelligence, and make decisions. Think about what a bureaucracy does. You can replace all bureaucracy with artificial intelligence, smart contracts and blockchain."   Investors continue to show optimism about BTC, falling in price from $20,000 to $6500. We're keeping our fingers crossed that Tim Draper's predictions will come true. Tags bitcoin bitcoin exchange rate bitcoin forecast bitcoin forecast btc forecast btc forecast bitcoin exchange rate