The investor billionaire explains why the price of Petcown will reach $ 250,000 by 2022

For a long time, investment capital and investor Tim Draper was one of the biggest bulls in the world, and this did not change in the first half of 2018, even as the price of the Bitcoin fell by more than 67% of the highest level ever.

Draper predicted, as the CCN said, that the price of Bitcoin would reach $ 250,000 by 2022, a price far from the estimated $ 650 per currency paid in 2014 when he won nearly 30,000 BTC from the US Marshals Service The famous Silk Road auction.

Speaking to TheStreet, Draper said the recent slowdown in the market did not make him confident.

"Price wise, we will continue to see the Bitcoin move higher." I have adjusted my estimate to up to $ 250,000 over four years, so we will see Bitcoin trading around the $ 250,000 mark in 2022. "

Draper said it was based on the expectation that the encoded currencies - which he invested in more than just the currency of the house - would "increase the speed of money" so that the global currency market would reach $ 140 trillion over the next decade.

"I expect that while secret transactions are increasing the speed of money, the current world market of $ 86 trillion for currencies will grow to about $ 140 trillion over the next 10 years, and that growth will be in encryption. It will actually go down, and that encryption will reach $ 100 trillion from this market. "I expect that the price of KFH will be about 10% of that market, or $ 10 trillion.

Dreiber, who is behind a high-level plan to divide California into three states (the initiative will appear on the ballot in November), said he expected the world to be on the verge of a huge shift toward cryptographic codes, not just a store of value, but as a daily payment tool.

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