As you know crypto currency is gaining momentum from past few years and it has become billion dollars market. Some individuals predicted that bitcoin would reach phenomenal price ranges around $10,000-20,000 USD — The Fact is, lots of these believers were right, and the digital asset bitcoin reached an all-time high of $19,600 per BTC on December 16, 2017. Now in 2018, many people wonder what the new year will bring as far as bitcoin’s value and what kind of forecasts people have for the price over the next eight months and beyond.
Four Years Ago Tim Draper Correctly Predicted Bitcoin Would Hit $10K by 2018 and His Prediction Came True — Now Draper Predicts $250,000 by 2022
Speaking of Tim Draper, the investor now believes BTC will surpass $250,000 by the year 2022 or less than four years away. People look up to Draper’s forecast because he was right once before back in 2014. At a blockchain event held at the well known Draper University in San Mateo, California, the investor told attendees, “Believe it, it’s happening.” After being asked relentlessly by reporters since the beginning of 2018 Draper had been resistant towards giving his prediction.
Another believer in all-time high prices by the year’s end is the analyst and co-founder of Fundstrat Global Advisors, Tom Lee. The well-known advisor often appears on CNBC and Fundstrat provides data on BTC markets like the firm’s recent misery index report. Lee believes that the price per bitcoin will be $25,000 speaking with the publication Investopedia. “Old is gold but new is crypto” the advisor explains. Lee also believes by the year 2022 the price per bitcoin will exceed $125,000. Lee did predict the $10,000 mark one year before the price exceed $10K per BTC so people look up to Lee’s forecasts as well.