Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!— Tim Draper (@TimDraper) April 13, 2018
Serious winds (of change) at our block (chain) party last night. Predicting bitcoin at $25k by 2022.— Tim Draper (@TimDraper) April 13, 2018
Research by Tom Lee, a major Wall Street specialist to produce bitcoin pricing targets, expects the cryptocurrency to reach $ 20,000 by mid-year and $ 25,000 by the end of 2018.
Draper is the founder of Draper Associates and DFJ, an original investor in Skype and a Chinese network called Baidu.
He bought about 30,000 bitcoins at the U.S. Official Auction Services auction 2014, all of which he told CNBC in December he was still holding.
If that’s still the case, Draper’s bitcoin investment is worth $ 243 million at Friday price. He told CNBC's "Quick Money" in early March that in five years bitcoin and other cryptocurrencies would become major payment channels.
Another reason to consider when understanding bitcoin price movements is the so-called 'hodlers'. This term investor - the sole cryptocurrency - refers to people who prefer to hold their bitcoin instead of selling it.
The first #bitcoin step on the stairway to heaven. pic.twitter.com/iOLcSFxO2Y— teklordz [40K BTC] (@teklordz) April 12, 2018
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