Tim Draper is very bullish on Bitcoin and its future price evolution. The important investor has said during an event that Bitcoin will be bigger than Hotmail, Tesla and Skype… combined. Draper is an experienced investor and when he says something like that it must be seriously taken into account.
Tim Draper Believes Bitcoin is Huge
If an enterprise is bigger than Hotmail, Tesla and Skype combined, that may be one of the most important enterprises in the world. Well, he was talking about Bitcoin, and that it can be one of the most revolutionary technologies ever.
Mr Draper commented about Bitcoin’s potential:
“This [Bitcoin] is bigger than the internet. It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution. This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined. I believe that there will be a point at which you will no longer really want any of the fiat currency.”
Cryptocurrencies have been expanding all world and it is calling the attention of many different investors. Not only Bitcoin, but virtual currencies in general are revolutionizing the ways in which we live.
Mr Draper has also given his predictions about the future price of Bitcoin and how much it will be worth. According to Draper, he believes that Bitcoin will hit $250,000 dollars by 2022. Compared to John McAfee, this is a very conservative prediction. That’s why he has positioned his portfolio in order to profit from Bitcoin’s future price.
Mr McAfee said that Bitcoin is going to reach $1 million dollars by the end of 2020.
Cryptocurrency experts are very bullish on Bitcoin. And now that the crypto market seems recovering from a very long drop and bear market, the future price predictions are starting to take shape. At the same time institutional and traditional investors are finding their ways to start investing in virtual currencies. Once they find the correct moment to enter, then the market will keep growing and it will be shown in the prices of the most important cryptocurrencies available.
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