Tim Draper: Bitcoin price will achieve $250000 in 2022

Tim Draper is a celebrity of venture capital in Silicon Valley, as well as the founder of DFJ investment fund. Three years ago, Tim Draper predicted that the price of bitcoin to usd would rise to $1000 in three years, which happened in the end of 2017. In the activity, Draper Pitch Event, which focuses on the global development of blockchain, Tim Draper predicted that bitcoin price would achieve $250000.

As the victim in the event that Mt. Gox was attacked by hacker in 2014, Tim Draper lost about 40000 bitcoins, which is equivalent to $250000. However, after the disaster, as an investor, his foresight and intuition brought some help. Although $250000 was lost, he found that bitcoin price declined only 10%. In other word, he found the resilience of bitcoin when facing the extensive damage, which means bitcoin is needed in the world. Draper thought bitcoin creates a new world order, and he believed that bitcoin is safer than American dollar stored in the bank, because blockchain is never attacked by hacker while the bank has experienced for many times.

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