Tim Draper sure to jump bitcoin to $250,000

According to the investor and supporter of bitcoin Tim Draper, by 2022 the main digital currencies will show a new rally and jump to $250 000.

Speaking at an online conference on November 6, the businessman reiterated his early forecasts and said that bitcoin will show us a new breakthrough despite the decline in its value in 2018. Initially, Draper predicted the growth of bitcoin to $ 250,000 in April this year, while most skeptics, on the contrary, were confident that such heights the main coin in the coming years will not reach.

But Draper insisted on his point of view and emphasized:

Believe it will happen, skeptics will think that you are crazy, but believe it is already happening and it will be amazing!
Some investors do listen to the forecasts of the Draper, as it in April 2014, predicted rise in prices of bitcoin to $10 000 at the end of 2017, although at the time the coin was trading at below $320, according to the Ethereum World News.

Time has shown that Draper was right, and the main digital currency did show a rally in November 2017. Draper spoke against Fiat money at the conference, calling the us dollar and other currencies a "political asset." The main advantage of crypto-currencies is their decentralized nature and independence from any state.

The emergence of cryptocurrency will create conditions for the emergence of apolitical money, which will be popular because of the complete freedom of their circulation. The behavior of people will be controlled by the free crypto market, not the traditional banking sector, the businessman added.