{"id":565343,"date":"2021-06-16T11:21:46","date_gmt":"2021-06-16T15:21:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=565343"},"modified":"2021-06-16T11:21:52","modified_gmt":"2021-06-16T15:21:52","slug":"billionaire-bitcoin-investor-still-predicts-bitcoin-will-hit-250000-by-2022","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-bitcoin-investor-still-predicts-bitcoin-will-hit-250000-by-2022\/","title":{"rendered":"Billionaire Bitcoin Investor Still Predicts Bitcoin Will Hit $250,000 By 2022"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbillionaire-bitcoin-investor-still-predicts-bitcoin-will-hit-250000-by-2022%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=565343&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-483022680-1200x800-1.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p><span>Tim Draper, the billionaire venture capitalist and Bitcoin investor, said that he still believes that the cryptocurrency will reach a value of $250,000 by the end of 2022 or early 2023.<\/span><\/p>\n<p><span>\u201cI think I\u2019m going to be right on this one,\u201d Draper told CNBC\u2019s \u201c<\/span><a href=\"https:\/\/www.cnbc.com\/2021\/06\/14\/billionaire-tim-draper-still-predicts-bitcoin-will-reach-250000-.html\"><span>Make It<\/span><\/a><span>.\u201d \u201cI\u2019m either going to be really right or really wrong [but] I\u2019m pretty sure that it\u2019s going in that direction.\u201d<\/span><\/p>\n<p><span>Speaking at his \u201cDraper Block(chain) party\u201d in California in 2018, Draper first made the prediction that the cryptocurrency would rise in value from just over $8,000 to $250,000 by 2022. He confirmed his prediction on Twitter.<\/span><\/p>\n<p><span>\u201cOops! I predicted $250k in 2022. My tweet last night was missing a zero,\u201d Draper tweeted. \u201c$250k is the number!\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"7.1703703703704\">\n<p lang=\"en\" dir=\"ltr\">Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!<\/p>\n<p>\u2014 Tim Draper (@TimDraper) <a href=\"https:\/\/twitter.com\/TimDraper\/status\/984854925552254977?ref_src=twsrc%5Etfw\">April 13, 2018<\/a><\/p>\n<\/blockquote>\n<p><span>Earlier, Draper had tweeted \u201cSerious winds (of change) at our block (chain) party last night. Predicting bitcoin at $25k by 2022.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"8.112676056338\">\n<p lang=\"en\" dir=\"ltr\">Serious winds (of change) at our block (chain) party last night. Predicting bitcoin at $25k by 2022.<\/p>\n<p>\u2014 Tim Draper (@TimDraper) <a href=\"https:\/\/twitter.com\/TimDraper\/status\/984742001148157952?ref_src=twsrc%5Etfw\">April 13, 2018<\/a><\/p>\n<\/blockquote>\n<p><span>According to CNBC, Draper\u2019s reasoning hinges on the expanding use of Bitcoin in the coming years.<\/span><\/p>\n<p><span>\u201cGive it about a year and a half and retailers will all be on <\/span><span>Opennode<\/span><span> [a bitcoin payment processor], so everybody will accept bitcoin,\u201d Draper predicted, according to CNBC.<\/span><\/p>\n<p><span>\u201cThen beyond that, I think [bitcoin] continues up because there are only 21 million of them,\u201d added Draper.<\/span><\/p>\n<p><span>Draper also described Bitcoin as \u201csort of like Microsoft [in] the software world or Amazon in the e-commerce world.\u201d<\/span><\/p>\n<p><span>Bitcoin\u2019s value has been notoriously volatile in recent months. In April,<\/span><span> Bitcoin hit an all-time high of $64,829, before hitting a low of $30,000 the next month.<\/span><\/p>\n<p><span>In late March, Tesla CEO Elon Musk announced on Twitter that the electronic cars could be purchased using Bitcoin.<\/span><\/p>\n<p><span>\u201cYou can now buy a Tesla with Bitcoin,\u201d Musk wrote. \u201cTesla is using only internal &#038; open source software &#038; operates Bitcoin nodes directly.\u201d<\/span><\/p>\n<p><span>\u201cBitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,\u201d he added.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"11.225806451613\">\n<p lang=\"en\" dir=\"ltr\">Tesla is using only internal &#038; open source software &#038; operates Bitcoin nodes directly.<\/p>\n<p>Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.<\/p>\n<p>\u2014 Elon Musk, the 2nd (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1374619379929772034?ref_src=twsrc%5Etfw\">March 24, 2021<\/a><\/p>\n<\/blockquote>\n<p><span>In mid-May, however, Musk then <\/span><a href=\"https:\/\/www.dailywire.com\/news\/bitcoin-plunges-12-after-elon-musk-says-tesla-will-stop-accepting-the-coin-wipes-365-billion-off-cryptocurrency-market\"><span>announced<\/span><\/a><span> that the electronic car company would suspend vehicle purchases with Bitcoin, citing widespread and growing concern over \u201crapidly increasing use of fossil fuels for Bitcoin mining.\u201d<\/span><\/p>\n<p><span>\u201cTesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\u201d wrote Musk.<\/span><\/p>\n<p><span>\u201cCryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,\u201d Musk continued. \u201cTesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin\u2019s energy\/transaction.\u201d<\/span><\/p>\n<p><span>In a subsequent <\/span><a href=\"https:\/\/twitter.com\/elonmusk\/status\/1392780304138473473\"><span>tweet<\/span><\/a><span>, Musk described the energy usage trend of Bitcoin in recent months as \u201cinsane.\u201d<\/span><\/p>\n<p><span>Other factors have played into the cryptocurrency market\u2019s volatility. For example, the cryptocurrency market <\/span><a href=\"https:\/\/www.dailywire.com\/news\/china-crypto-ban-triggers-crash-wiping-out-almost-1-trillion-in-cryptocurrency-market-cap\"><span>crashed<\/span><\/a><span> in mid-May after <\/span><span>\u201cafter China banned financial and payment institutions from providing cryptocurrency services,\u201d according to <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/bitcoin-ethereum-plunge-crypto-market-134615617.html\"><span>Yahoo! Finance<\/span><\/a><span>.<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim Draper, the billionaire venture capitalist and Bitcoin investor, said that he still believes that the cryptocurrency will reach a value of $250,000 by the end of 2022 or early &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2280427,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-483022680-1200x800-1.jpg","fifu_image_alt":"Billionaire Bitcoin Investor Still Predicts Bitcoin Will Hit $250,000 By 2022","footnotes":""},"categories":[],"tags":[],"class_list":["post-565343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-483022680-1200x800-1.jpg","fifu_image_alt":"Billionaire Bitcoin Investor Still Predicts Bitcoin Will Hit $250,000 By 2022","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/565343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=565343"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/565343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2280427"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=565343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=565343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=565343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}