Bitcoin News News

Tim Draper Confirms $250k Bitcoin Price By 2022 / 2023 is ‘ABSOLUTELY SOLID’

Tim Draper; Successful American Capital Investor still believes that a single Bitcoin (BTC) will reach $250,000 by 2022. Draper reaffirmed his bitcoin price prediction whilst at the Web Summit conference on November 6th 2018, which was hosted by ‘Jen Wieczner’ a senior writer for Fortune Magazine

Whilst on stage at the Web Summit; Wieczner says to Draper;

You said in 4 years time (2022) that one bitcoin is going to be worth $250,000, which is a 40x return in the span of 4yrs – Do you still stand by that?

Draper replies; “Oh yeah, well of course! because there are, 86 trillion.. this is in political dollars, dollars worth of currency out there in the world. We’re talking about getting to about 5% market share to get to $250,000 dollars, thats seems like a drop in the bucket! and all we really need to do is make is so that bitcoin can be used to buy starbucks coffee, and all of a sudden the world just opens up! and then they say.. “I’ve got this choice, and it’s a very simple choice “. Do I want a currency that I can take from country to country to country?… or do I want one that sticks me in one country or one geographic area and I can’t use it anywhere else?”

Tim Draper also said “We are going to see all sorts of volatility! You know, one bitcoin is still worth one bitcoin.. its’ just that all these other political currencies are going to be very volatile against it as they slowly disappear from our use”. Wieczner then ask’s Tim.. “ Do you still own your 30,000 Bitcoins? “ to which Draper replied “Absolutely.. and more!!” (with a big smile on his face).

Draper was also questioning on stage at the web summit the need for fiat and political currencies, saying;

“We have these political currencies, what’s the point? Why do we even trust currencies which are determined by some weird political party or another?.. I mean, this is very clear if you’re in Nigeria.. or Argentina.. or Venezuela! It’s not as clear here (referring to the US) but it is true.. that central banks basically print money whenever they feel like it, for whatever reason they want, and.. here suddenly some currency that is.. apolitical, totally global, totally open.. it’s easier to use bitcoin to pay for your news or coffee, as soon as it’s easier to do that, then it becomes where you make a choice!”

Tim Draper continues with..

“Do i want a currency which is tied to a political force, or do i want one which is open and decentralize and frictionless and global, its going to be an easy choice, and we need to drive that choice, we need to push for that choice.. and the best way to push for that choice is to go buy a bitcoin, put it on a ledger, feel what its like to have that money in your hand, rather than looking up a big huge bank with all those rich people, walking out with those fancy suits “like.. look at how I’m dressed, right!”.. and they are using your money, and all of a sudden you’re using your money”.

Draper then ended the web summit conference with;

My prediction at $250,000 for 2022 (maybe 2023) for bitcoin to hit $250,000 is absolutely solid!


Write your comments below and we will revisit this post on November 10th 2019, and then again on June 1st 2022 to see who's prediction were closest!

You may also like


Bitcoin’s 3 Day Price Charts Point to an Impending ‘Golden Cross’


A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market.

The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days.

That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoin’s daily chart back in April.

Seasoned traders often refer to that long-term bull market signal as a lagging indicator. After all, the MA studies are based on historical data and tend to lag prices, which also means they have limited predictive abilities at best.

While that is true for most crossovers, the one that is about to happen on the three-day chart has proved its mettle as a reliable bull market indicator in the past.

3 day chart (2016-2017)

View More Article
Bitcoin News News

Garrick Hileman Explains Why Bitcoin (BTC) is on The Rise This Year!


Garrick Hileman, head of research at Blockchain, explains what’s behind the cryptocurrency’s near-200% year-to-date rally (watch the interview above)


Dr Garrick Hileman is head of research at Blockchain and research associate at the London School of Economics

Garrick is best known for his research on monetary and distributed systems innovation, particularly cryptocurrencies and blockchain technology.

Hileman Garrick was ranked as one of the 100 most influential economists in the UK & Ireland. He is regularly invited to speak and share his research and perspective with public sector institutions, including the CIA, US Army and Naval War Colleges, Federal Reserve, Bank of England, Bank of International Settlements, and the Financial Stability Board, as well as media, including the BBCCNBCFTWSJ, and NPR.

View More Article
Bitcoin News News

Bitcoin Price Passes $10,000 as Cryptocurrency’s Spectacular Recovery Continues


The price of bitcoin has broken above $10,000 (£7,855) for the first time since March 2018, as the cryptocurrency’s remarkable surge in value continues.

Bitcoin passed the milestone after experiencing gains of more than 10 per cent over the last 24 hours.

The price jump saw the world’s largest cryptocurrency reach as high as $10,831, according to the CoinMarketCap price index, taking its overall market capitalisation close to $200 billion.

Bitcoin’s most recent run of good form began in early February, when it was trading at well below $4,000.

It had reached this price after more than a year of steady declines saw its price withdraw dramatically from its late 2017 peak of close to $20,000.

Bitcoin’s recent run has drawn comparisons from some with bitcoin’s run in 2017, with some hoping it can go beyond its previous record high.

“This really is amazing,” one crypto enthusiast wrote on Twitter. “It has 2017 written…

View More Article
Blockchain News Press Releases

Satoshi Studio Launches First Ever Blockchain-Certified Sneakers


Paris, 30th of May 2019. French brand Satoshi Studio announces the launch of their first sneakers. The Satoshi_one is the first pair of shoes certified on the Ethereum blockchain. More high-end products will come from Satoshi Studio thanks to their innovative financing campaigns.

Satoshi Studio was founded in 2018. The Parisian brand is influenced by the Tech industry and Crypto culture. It aims to create a place for itself as a reasonably priced high-end brand. To reach that goal, it will not use traditional channels of communication, striving instead to connect directly with its young and tech-focused community.

To be able to regularly offer new products and avoid traditional seasonality, the brand will launch several crowdfunding campaigns per year. Satoshi Studio believes in responsible shopping habits: they will only produce the right amount, no more, no less. The sneakers will be offered at a reasonable price, without compromising on quality.

Authors Name
Lucas Goldlust
Company Name
Satoshi Studio
View More Article
Bitcoin News News

Why We Could See The Price of Bitcoin Quadruple Within Just a Few Months


Bitcoin is ballooning to new highs… but can it last?

Compound interest might be the most powerful force in the universe, but FOMO can’t be far behind, especially as it relates to bitcoin.

We’ve seen the “fear of missing out” contribute to a nosebleed rise in the price of bitcoin BTCUSD, before, and Fundstrat’s Thomas Lee believes we’re about to see it play out again — but even more pronounced.

The outspoken bitcoin backer told clients this week the world’s top cryptocurrency could ride a wave of FOMO all the way up to $40,000 “within a few months,” thanks to better transparency and a breach of the psychological $10,000 barrier.

He pointed to Grayscale Bitcoin Trust GBTC, as a great way to partake in a rally that would be most welcomed by the crypto bulls who had to suffer through a 74% drop in the price of bitcoin last year.

“Bottom line: Crypto winter looks over,” Lee said….

View More Article
Bitcoin News News

Bitcoin (BTC) Price Eyes Chart Pattern That Kicked Off Bull Market in 2015



  • Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market.
  • This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross.
  • Prices could rise to $8,400 in the next 24 hours, having witnessed a bearish channel breakout on Wednesday. A break below key 4-hour chart support at $7,910 would weaken the case for a rise to $8,400.

A long-term bitcoin (BTC) price indicator is about to turn bullish for the first time in nearly four years.

The 50-candle moving average (MA) on the three-day chart is trending north and could soon cross above the 100-candle,…

View More Article