Three Years For Bitcoin To Reach $250,000 According To Tim Draper

In a BlockTv interview, Tim Draper described his Bitcoin price forecast as conservative. On other occasions, the billionaire has maintained popular price predictions for the leading cryptocurrency. On this occasion, his vision is that in three years, it will amount to $250,000.

Draper says:

"I hit the number on the head when I predicted $10,000 three years before it reached 10K, and it happened within a week of my prediction, something like the spirits have been with me. At $250,000, that means Bitcoin would have a market share of about 5% in the world's currency. Moreover, I think that maybe underestimating the power of Bitcoin".

The technology entrepreneur further commented that as cryptocurrencies generally predominate in people's everyday use, fiat money will gradually disappear.

He assures that, in the short term, people will like using Bitcoin more than Fiat, generated by knowing that their FFiat has a natural inflation rate in their governments, while Bitcoin does not depend on any regulator to determine its price much less its use.

In this sense, for Draper, Bitcoin represents a viable alternative to fiduciary currency, precisely because of the distrust that governments generate in people.

During the interview, founder Draper Fisher Jurvetson Venture Capital highlighted the situation in Argentina, how people would move from Fiat to BTC. However, during the interview, Draper also pointed out that there is still work to be done for the BTC to be easier to use.

During March of this year, Draper would have made a bet with the president of Argentina on the price of Bitcoin, and since then, he emphasizes that this country is an excellent field for Bitcoin.

Draper says the turning point will be when people can easily do with Bitcoin what they can do with dollars.

In this sense, she assures that when that happens, her Bitcoin will naturally appreciate its value because she knows there are only 21 million of them, and her dollars will naturally decrease in value because there is this natural inflation.

While Draper says, Bitcoin will reach $250,000 in about three years, and he also considers what he believes will happen in two decades.

Before that, he mentioned:

"No one is going to compare anything to dollars 20 years from now. No one is going to use any trust currency in 20 years.

Moreover, do you think this prediction will come true?