Content adapted from this Zerohedge.com article : Source
Tim Draper hosted a block party at his own Draper University to announce his latest bitcoin forecast.
In spite of his age, Draper understands cryptocurrency like a Millennial. He once famously said:
“Why would I sell the future for the past?”
Drape bought all 30,000 bitcoin from the 2014 seizure of Silk Road and he is not selling for a long time.
Bitcoin frees people from trying to operate in a modern market economy with weak currencies. With the help of Vaurum and this newly purchased bitcoin, we expect to be able to create new services that can provide liquidity and confidence to markets that have been hamstrung by weak currencies.
Of course, no one is totally secure in holding their own country’s currency. We want to enable people to hold and trade bitcoin to secure themselves against weakening currencies.”
"I’m thinking $250,000 a Bitcoin by 2022," he said, looking into what he described as a 'crystal ball'...
"...Believe it, it’s going to happen – they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!"
9:00 has his predictions.
This week also saw a similarly buoyant tone come from Fundstrat Global Advisors cofounder Tom Lee, who on Thursday told CNBC he was “confident” Bitcoin would hit $25,000 before the end of the year, a prediction he has made before.
Non-adapted content found at zerohedge.com: Source
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