With the bold prediction, Draper has received a lot of criticism which has not been able to blur his faith in cryptocurrencies. Tweeting on April 13, 2018, Draper claimed that Bitcoin will reach $250,000 per unit by 2022. After a period absencing from public opinion since the successful prediction, the investor continued to make a new forecast about the future of the biggest cryptocurrency. The American venture capital investor amazed the world with his accurate prediction that the Bitcoin price would hit $10,000 in 2018. Known as a strong believer in Bitcoin, cryptocurrency and blockchain technology, Tim Draper is the founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm. At a $300 bln market cap, it’s certainly seen a lot of price appreciation, but gold is at $6 tln and if Bitcoin disrupting gold is true and it plays out … then you can see 10 to 20 times appreciation because there is a significant delta still.”
#CRYPTER PRICE PREDICTION PORTABLE#
Bitcoin is way more portable and way more divisible.
Gold is scarce, Bitcoin is actually fixed. “We’ve always felt that Bitcoin, given its properties, is gold 2.0 - it disrupts gold. Specifically, they believed that the price of bitcoin would reach $500,000 with its $9 trillion market cap. Recently, during the Singapore Fintech Festival, the Winklevoss twins Tyler and Cameron have reaffirmed their predictions that one day the Bitcoin will outperform the gold's market capitalization to claim the “throne”. Four years later, in December 2017, Bitcoin's price skyrocketed to $11,700 per unit, meaning that the two billionaires earned more than $1.6 billion. In April 2013, the Winklevoss brothers spent $11 million on Bitcoin, whose price of the cryptocurrency at that time was just $120. A decade earlier, the twins were best known for winning a lawsuit against Mark Zuckerberg, CEO of Facebook, and received a compensation of $65 million. Tyler and Cameron Winklevoss, a twin of the same egg, are known as the first Bitcoin investors and quickly became famous billionaires after a few years of investing in the oldest cryptocurrency. Winklevoss Twins - Bitcoin market cap prediction 2028-2038: $5 trillion “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly…I think this thing is a $100,000 a coin in the next 3–4 years, and in the next 20 years will be $1 mln.” He explained his prediction as based on the evaluation of Bitcoin as a value store in comparison with gold.
Palihapitiya has predicted a potential for Bitcoin’s price to reach levels close to $1 million by 2037. Starting with an investment in 2012, Palihapitiya admitted he was holding almost 5% of all bitcoins that have already been mined in 2013. Chamath Palihapitiya, the Founder of Social Capital and Co-Owner of the Golden State Warriors, is known as a super-smart, savvy investor and operator that truly understands the big picture and has a clear vision where the world is going.
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